Originally posted by AtW
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Previously on "Johnson demands Britain 'Build, build, build' to beat COVID-19 slump"
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5 billion is also how much the government spent on corona last week
Sent from my 5g carrier pigeon
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5 billion is 75 quid per head of population. Not really very impressive as a stimulus.
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What a sad commentary on our times, that the UK should have to resort to the "poor man's" economic stimulus of building!Originally posted by Martin@AS Financial View PostInteresting report from Reuters:
Johnson demands Britain 'Build, build, build' to beat COVID-19 slump - Reuters
That's the typical starting technique of former so called Third World countries, initially lacking the skills and education to make high-tech things, but they soon catch up and now, it seems, are passing the UK heading in the opposite direction!
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The Tory supporters love those three-word soundbites. "I got every word in that sentence"
Build build build - "I've been building at home!" He gets my vote.
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What was the accelerated timescale? The house building stuff does some sleight of hand w/ 5 years funding and 8 years delivery, but I think that is the same timetable and money they announced before. What else? I admit that I wasn't listening closely...Originally posted by d000hg View PostBut announcing to do it MUCH faster is quite significant considering their manifesto set things out for far longer timescale than a government term, this means they actually have to do it not promise it.
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No promises. He called them pledges as in; when there is a natural disaster when governments pledge money and then they forget about it.Originally posted by d000hg View PostIt was quite an interesting speech. A lot of big promises. A LOT of spending.
After the speech the pound slumped to a new low.Last edited by Paddy; 30 June 2020, 15:14.
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