Chancellor George Osborne has announced a Statement of measures to be implemented over the course of next year, and his message has been, overall, favourably received.
The stockmarket has gone up, business owners are pleased at the capital expenditure allowances which will enable investment and growth with up-to-date technology, and avoidance of the proposed 3p fuel duty altogether has sent up a cheer.
Working families on the whole will be better off, and those on benefits will not be hard done by, with increases in benefits of one percent.
The proposed measures will help growth.
The studious remarks of the Opposition, when noted and acted upon, would obviously create further growth. The banks are said not to give their managers 'discretionary' powers in granting loans; this is something that can be corrected, and would introduce capital into the local communities, especially the small shops and traders and restaurants and pubs. It could revive a lot of businesses as the nation gets into a mood of growth. With the 1 percent GDP increase last quarter (after three quarters of mini falls, causing a 'double dip' of a puddle variety) confidence seems clearly to be returning. Even casual observation of people shopping in Romford or Ilford or Green Street, Upton Park, suggests that.
The People's Bank with an injection of a Billion Pounds has been long awaited. If it actually backs entrepreneurs to scale up and invest in films, music, arts, culture, crafts, and such enterprises, people will say that not only does Britain have talent, it is finding expression and fulfillment too. That would have a good impact for job creation for youngsters, I believe.
The Chancellor's words are a stimulus to growth. What more could Britain ask for?