Most people will be pleased to hear Chancellor George Osborne saying that they are
creating more Apprenticeships, more training places, giving tax breaks to companies
who hire staff, and reducing Uniform Business Rates and encouraging landlords to
cut rents of commercial properties to stimulate demand. This may be only in certain
areas, designated Regeneration Areas. But this is a very positive sign for the British
economy, I believe.
The Prime Minister was also on the telly from the Tory Conference in Manchester,
saying 500,000 new jobs have been added in the private sector, and this trend is being
Maybe if they ask the Big Society Bank to start soft-loan financing for Social enterprises,
that would do a huge power of good.
Cutting the Budget Deficit, the direction is of course right and sensible.
But, as Mme Christine Laggard of the IMF commented few days ago, the size of the cuts
may be too big. What took ten years to form cannot be cut in four years. Maybe over
five years may be a kinder rate?