Why does it take an election to cut public-sector investment?
As we approach the next general election there are all kinds of scare stories and rumour mongering emerging from the main political parties. The Conservative party has for some time been on the offensive and highlighted the amount of money that the Labour Party has wasted on public sector investment at a time when money is tight all around the UK. The Labour Party have since accused the Conservatives of looking to reduce investment at a time when the economy is still struggling and ultimately trying to differentiate the parties on social grounds.
However, whether you believe the Labour Party is correct or the Conservative party is correct, why does it take a general election for any political party to talk about reducing wastage in public-sector investment?
If it is so easy to highlight and reduce investment in so many different areas of the UK economy why was it not done before and ultimately how much money has been wasted in the past?
These are areas which will be covered as we approach the next general election and while it may not be as clear cut as many people would have you believe, the Labour Party is probably more on the defensive and offensive. Indeed Gordon Brown oversaw a massive increase in public-sector service investment during this time at the Treasury, something which may well come back to haunt him.
Share this..
Related stories
Political fallout set to hit Scottish economy
Despite attempts today by the SNP to try and defuse the Lockerbie bomber issue it seems as though various US threats to boycott Scottish goods and Scottish services are to go ahead. Even though many people believed the campaign against Scotland, after the freeing of the Lockerbie bomber, would quieten down and become something of a non-event, the political fury in the US is still building, days af...
Read MoreMinisters Again Call For High Taxes For The Rich
As the support for the Labour Party continues to haemorrhage it is no surprise to see the latest call for higher taxes for the rich. In a move of breath taking nerve, health minister Ivan Lewis has repeated the recent call for higher taxes for the rich in order to support those at the lower end of the income scale. It seems that Labour is looking to return to its core supporters and ditch the mi...
Read MoreHong Kong pulls out of recession
In a sign that the worldwide economy may well be improving, the Hong Kong authorities today released figures which show the economy grew by 3.3% in the second quarter of 2009. This is a great improvement on the first quarter of 2009 at around three times the growth expected by analysts and has shocked many in the Hong Kong financial markets. The fact that the Far East markets look like they may ha...
Read MoreIs inflation set to be a problem in 2010?
The revelation that of non-food store prices in the UK increased by 1.4% last month, despite the fact that the UK is currently in recession, has astounded many analysts. This places massive pressure on the rate of inflation which is set to rise above the government's target of 2% in 2010. An increase in inflation, at a time when UK consumers are still struggling to pay their everyday bills, would...
Read MoreSainsbury In Talks To Sell Final Salary Pension Scheme
In line with many other companies with final salary schemes it has been reported that Sainsbury has requested a number of quotes from pension fund specialists looking to acquire the company’s final salary scheme. While no figures have been mentioned the fund itself is fairly large at £2 billion, but proving to be something of a drag on Sainsbury finances.
The ongoing confusi...