Quote:
Originally Posted by richard s
Now Osborne (Mr Bean) has or will allocate millions for infrastructure projects... were the hell has or will this money come from!
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According to R4 this morning El Gov will borrow some at very low interest rates in order to lever money from pension funds. At the moment these funds are finding good returns on their normal investments hard to find and are increasingly turning to infrastructure projects where returns are better than the stock markets or bonds.
Let's hope this isn't another PFI scheme that will cost us dear in the next decade or two.
This borrowing does not add to the structural deficit that has to be reduced by cuts or more taxes.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
