We would like to draw readers’ attention to a CentreRight post by Andrew Lilico on Monday.
This was Andrew’s key question:
"If, in fact, the cupboard is not bare (which it is not), then why does Osborne think that spending the money recapitalizing the banks is a superior strategy to saving the money and employing it, later, in a huge tax rebate-based fiscal injection?"
£50bn – or a fraction of it – could have been used for massive tax relief for small businesses, for families or for major investment in infrastructure. It is not clear to us that the Conservatives are right to support Brown and Darling and their chosen path.
Andrew’s question still needs to be answered.