24 November 2008

The Pre-Budget Report

You can read the entire Pre-Budget Report here. He's a tricksy fellow, this Darling. He talks about a green component to his stimulus package, but buried in the detail is an expansion of the motorway network, as well as (4.61) a "review of the regulatory framework for UK airports" so that "airport operators are incentivised to deliver timely, efficient and necessary investment in new airport capacity."

You can see the Green Party's response here:
Dr Caroline Lucas MEP, Leader of the Green Party said: "The Chancellor’s plan to cut taxes to promote a consumer-spending boom is short- term thinking in the extreme. Even if it works, it will simply ship money abroad, as most consumer goods are imported, rather than supporting jobs here in the UK. More seriously, it also represents a return to the vicious cycles of debt and over-consumption that caused the crisis in the first place ... By putting capital spending into increasing motorway capacity, diluting the incentive to buy more efficient vehicles, and encouraging more aviation, Gordon Brown has shown his environmental incompetence, as well as his economic recklessness."

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