Desperate UK government hits planning again

The Evening Standard in London solicited a letter from me.  In the end they didn’t print it (no hard feelings) so here it is for a select readership. [Later: they printed a précis later – see end.]

The coalition is like an emperor with no clothes, now reaching for a loin cloth. Having followed policies the exact opposite of what we needed to lower the ratio of debt to GDP, it now finds debt still rising and GDP still falling while the misery of austerity continues to take its awful toll on low and middle-income Britons.

Yes housing is in a crisis and yes a massive increase in infrastructure investment would help to put their disasters into reverse. But these proposals are a tiny softening of the deflationary storm and are likely to have some perverse effects. Continue reading “Desperate UK government hits planning again”