Neville Prior 24 February 2010 11:37:20
The most important risk to UK plc is not borrowing, but the recovery. So sayeth Mervyn King, Governor of the Bank of England. Yes, he wants the deficit cut, in fact cut considerably by the end of the next parliament, but, and it is a big
but, without economic recovery, we may not be able to cut the deficit. How can we ensure some sort of recovery......................
- Encourage our financial services businesses to perform, and not handcuff them too tightly. We could even make them feel loved, (a little bit).
- Encourage our manufacturers to invest and to explore export markets more fully. Sterling is weak so opportunity is there, if only we would take it.
- Free up lending to encourage investment into property thus giving the construction industry a bit of adrenaline.
- Ensure people have money to spend, we are all taxed to the point of having less and less to spend.
