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The Indicator from Planet Money

时间:2010-12-5 17:23:32  作者:Live   来源:Local  查看:  评论:0
内容摘要:"We're offering it to anybody who can lead us directly to recovering Muriel's remains.

"We're offering it to anybody who can lead us directly to recovering Muriel's remains.

But having tiptoed cautiously throughout its first year in office, the question is whether this government can convince those potential investors that the economic vision is real? And will other long-term challenges, such as industrial energy prices, social care costs, and worker illness be prioritised or parked?Some chief executives tell me they cannot fathom why a government with such a huge majority can sometimes appear to be scared of its own shadow.

The Indicator from Planet Money

There had been talk of Downing Street "wanting to have fights" over planning for major projects. But companies that have major investors waiting to invest in the factories that could start rolling out the mass adoption of green technologies are wondering whether Downing Street really will back them, given the polls, and possible net zero backlash."They need to stop playing tiny domestic politics," one boss of a major consumer company told me, as he awaits a convincing solid vision.It is with big investors in mind that the chancellor's focus at this spending review has been on long-term capital spending - that's where the big numbers come in.

The Indicator from Planet Money

The proportion of the country's GDP that is being earmarked for capital spending, is 2.7% on a five-year average. If that doesn't strike you as eye-watering, it's worth noting it will be at its highest sustained level for nearly half a century. It will be significantly higher than under Brown-Darling in 2010. In 2000 this number was 0.5%.Of course, allocating significant sums is not a guarantee that the money will be spent effectively, or even at all. Spending on capital is often subject to the rollercoaster of short-term government priorities.

The Indicator from Planet Money

In a crisis it tends to be the first thing to get hacked back, because the loss of future buildings or roads or rail lines is less politically troublesome than cutting back a public service or, say, teachers' pay in the here and now.

That's why under the chancellor's new borrowing rules, the money can at least be allocated to big capital projects. Her reforms to those rules - keeping them strict on day-to-day spending, but consciously allowing more space for long-term investment - were designed for this.Sir Andrew said the case will now be reheard by a different judge, with the next hearing planned to take place in the next few weeks.

A full decision will be given in writing at a later date.Author Andrew Miller has won the Walter Scott Prize for Historical Fiction after being shortlisted twice for the award in the past.

He was announced as the winner at the Borders Book Festival in Melrose, taking the £25,000 prize.His work, The Land In Winter, only just fell into the contest's definition of a historical novel being one which is set at least 60 years ago.

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