I AM VERY RAPIDLY ...

[Michael Grove]

 

 coming to the conclusion that the political classes in the UK, led amazingly

 by our self-serving Prime Minister Mr. Cameron and his Chancellor

 Mr. Osbourne, have no better understanding of the fact that they have been

 voted into their position of ACTUALLY best representing the PEOPLE of

 Britain and Northern Ireland, than he who is the subject of Tom Bower's

 epic revelations, namely Tony Blair.

 

Ever since my family and I came back to England from the Netherlands, in the

mid-1970, I have been following the Telegraph Business News, and during the

period since, there has been ONLY ONE VOICE of calm and laser-like logic, who

has got it right, so to speak, on every serious matter of economics, that has

raised its ugly head • and that IS Roger Bootle who is now executive chairman

of Capital Economics, whose third edition of his excellent treatise entitled

"The Trouble with Europe", has just been published by Nicholas Brealey.

THE REAL MATTER for consideration, however, IS NOT the extremely limited concept of "The trouble with Europe" ...
BUT "THE TROUBLE with SPACESHIP EARTH" • at this particular TIME of the very last renaissance of a series of cascading renaissances which will no doubt have an ongoing effect on 
the entirety its passengers. 

 

 

[Michael Grove]

TIME NOW to THINK WIDER in[DEED]

[Michael Grove]

Over and above the usual calls for more money for the NHS, the Chancellor is under massive pressure to do more to ease the cost of living crisis. He has already announced measures costing £9bn. It looks unlikely that he will be able to get away with much less than a further package costing an additional £10bn. 

And then there is defence spending, which is about £45bn or 2.1pc of GDP. I have suggested that it needs to rise to about 4pc of GDP, implying an extra £40bn. 

The good news, however, is that the sensible thing would be to announce the intention to increase spending over a number of years and to build up to that total gradually so that the Ministry of Defence can plan and spend effectively. 

                         Roger Bootle - The Telegraph