Douglas Carswell's Blog

£5 billion on capital projects?

There's talk of the government finding an extra �5 Billion to spend on capital projects. To get the economy moving blah blah.

They tried it in Japan. They spent a lot more than �5 Billion, running up public debts totalling 130 percent of Japan's national income.

Lots of new bridges. Not a lot of new growth.

Rather than transferring �5 billion from the taxpayer and onto the balance sheet of a few big corporate interests, why not reduce payroll taxes by that amount?

Or if there really is an extra �5 Billion to spend (as opposed to spin about), why not actually cut the deficit, instead of just talking about it?

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