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Alexander: Don't get too excited


Danny Alexander, chief secretary to the Treasury, has been touring the media studios discussing today's growth data.

And the decent growth didn't prevent Alexander from taking a pop at the previous government, when asked about the situation on Radio 4's World At One:

Here's the quotes:

These figures are encouraging.

It's good news, not just that there's been growth but in every sector we have seen improvement.

But I'd also say we shouldn't get over-excited because this country has got a long way to go to not just to clear the financial mess that we inherited from the previous government but to rebuild our competitiveness and to make sure that we do have the conditions in this country for businesses to thrive.

He then scampered to repeat the message on Sky News, where business leaders were warning that the Treasury is failing to encourage and stimulate investment.

Alexander said he wasn't aware of a report that the UK languishes in 159th place when countries are ranked by investment as a share of GDP, but would look into it.

We're a helpful lot at Guardian Towers, so politely suggest the chief secretary checks out The Economist, who covered it here: Let’s try to catch up with Mali

That's the growth side. But, of course, that's just Government inward investment. In a market economy like ours, we also get a LOT of market investment which they don't.

Also, let us not forget, that we don't have any money to invest. If we want money to invest we must borrow it. Erm. So. Let me get this straight.

To "Invest" in our industries the Government must borrow money. On which they must pay Interest. To get funds to pay back they must Raise Taxes. The people who have to pay those Raised Taxes are the Businesses we borrowed to Invest In.

Oh, sorry, we could just hammer the rich with taxes and leave the businesses alone.

Erm, let me think for a moment. "The Rich" are the people who own the businesses.

There is NO free lunch. We have to stop wasting money then we can start using the "UnWaste" to invest in our businesses. It's Broken. We need to FIX it. Not F it even more than it is already.

Unlike France. 76% of GDP in debt under Sarko and holding. 96% of GDP in debt (In One Year), under Hollande. Bust, infrastructure projects on hold, austerity going to get worse.

Did you know that in one short year Hollande has become the most hated President France has ever had?

Borrow to Invest.... Bwahahahahahahaha Klonk.

And the Eurozone is still getting it wrong. They are applying huge austerity to the periphery whilst borrowing unabated in the centre. The GDP of the Eurozone is going to keep on falling and the ability to service the loans they are taking to keep going is falling with it.

As ever, in Godawful Brown’s way, they are borrowing to waste. Or put another way, they are dancing on the burning bridge.

Britain, on the other hand, is navigating a very cautious and prudent course through very troubled waters. We’re doing well and it’s not fast enough for the decriers.

Well let’s think about that. Expansion wasn’t fast enough for Brown. He had to Stoke it.

Look where that got us!

Virtually unnoticed, Ford have shut down their Southampton factory that made Transit vans.
They are now going to be made in Turkey.
Globalism stinks.

Sadly I have 0% sympathy with Ford workers.

I was looking forward to the new Ford contract which would generate jobs in the electronics factory in Dundee. I was unemployed at the time but knew I had a good chance of getting a job.

Then the English Unions had a tantrum because they workers in Scotland would be getting less pay and it might endanger their wages. Effectively making sure I didn't work in Dundee.

I have, since, celebrated every Ford factory loss in England with a drink. Sorry I know it's not constructive but It's personal. I hated the Unions before this and I hate them even more since.

I won't be happy until every Ford Factory in the entirety of England is shut down and every worker has to find work elsewhere.

I guess it's not a popular position but, as I said, this is personal. It's my Scottish side coming out.....

Nice. The EU give Ford a massive loan for its Transit factory in Turkey. Shortly afterwards, Ford shut down its Southampton factory.
Another story you'll never hear on the BBC news.
http://www.dailyecho.co.uk/news/briefin ... sit_plant/

Jobs..... one of Britain's few export successes over the past 50 years or so.

It makes me so mad, WM. The loss of jobs is treated as inevitable; it is only inevitable because politicians are in the pockets of big business.
We are not so much a democracy now as a corporacy.