http://www.bbc.co.uk/news/business-36682368
Suddenly Osborne-May are questioning austerity and reconsidering the case for investment and growth. Hmmm. Now dere's, as they say, a ting.
Not sure I buy that tbh. We've had low growth all along - arguably because of austerity. I must admit that I was agnostic about austerity from the outset, and reluctantly prepared to give the idea the benefit of the doubt as a drastic response to the 07 crash, but we just been bumping along the bottom. Perhaps austerity hasn't worked. It certainly hasn't been popular.
Northern Monkey ... who can't upload a bleeding Avatar
It never makes sense to borrow money, however cheap, unless you know you're going to get more money than you borrowed for whatever you do. Too often "investment" is being used when what they mean is "spend".
Take the new sewer under the Thames. Absolutely vital to sustain the growth of London, but there's no money in poo. Without it though, we well have The Great Stink 2.0. The growth in GDP that would follow the growth of London will eventually pay for the sewer, but something designed for the next couple of centuries isn't going to pay for itself within a couple of years.
The jobs created, though will create more jobs and revenues etc.