UK General Election 2015

[MikeRox]

Soleron said:

MikeRox said:

Because spending far more money everywhere rather than just a part of the country that was decided in 1978 is the perfect solution to the fact that we already spent too much...

I don't believe that there is a fixed amount that is "too much". With the current low cost of borrowing, and the high potential rate of return on:

- Roads
- Rail
- Fibre/cell network
- Education, especially 1 to 1 support for those falling behind in school, or in prisons for reintegration purposes, or in deprived areas in general
- Research, especially on renewable energy, batteries, healthcare, and materials science
- Goverment IT projects that replace paper, manual entry, or fragmented, expensive custom systems with a joined up one (like gov.uk)

It makes no sense NOT to invest. The right choice of spending will generate more money than the interest payments.

This is the whole thing though. It's a low cost of borrowing because we're not pumping shitloads into things. Interest rates are based on perception of ability to repay. The SNP/Green etc view, is "well, interest isn't much". But their plans would cause our interest rates to increase. We've already got so much borrowing, that even a 1% increase on our interest rates, would completely bankrupt us.

It was the fact we had "failed Austerity" that we've actually been lucky enough to hold onto those low interest rates. However I do agree that the "right" investment could have dividends regardless. However, nothing the SNP/Greens/Plaid Cymru suggested we invest in would have generated more money than the interest payments for them, because they were pretty much throwing money at things, not investing.