With the Government seeking public sector spending programmes to be initiated ahead of schedule as recession looms, Lord Jones backs calls for short term rather than long-term measures, and said the focus should be on infrastructure and not employment.
Lord Jones suggested ” productive spending on infrastructure programmes” which will enable enhanced productivity of airports, ports, railways, roads and public sector workers whom the country relies on like nurses and teachers.
However, he also advises caution on channelling too much money into big projects, which could end up damaging the economy further. The Foundation would certainly agree that transport infrastructure has an important role in keeping the economy moving and mobility a possibility. We await the pre-budget announcement with interest…
