Trouble in the valleys

It was announced yesterday that the Welsh Government would be given powers to borrow for infrastructure projects. My initial feeling was it would be similar to giving an unemployed shopaholic a black Amex card!

So, how will they develop extra income streams to pay for this? My thought is they will increase business rates (given the limited power they have to raise revenue). Yes, it will be a barrier to inward investment from business, thereby impacting on the growth of the principality, but that won't bother Labour as they'll have greater control of the masses through state dependency.

The Labour controlled Welsh Government would spend money with no regard on how to repay, very much like the previous Labour national government. Ed Balls has always said that the deficit was a direct result of the economic crisis, however it has now been confirmed what we have long suspected: Labour over-spent, with the structural deficit reaching 5.2% of GDP in 2007, before ANY bailout was made to a financial institution.

So why would anyone consider giving Labour the power to bankrupt the principality of Wales, drive business from the area, increase unemployment and create further deprivation? Wales is a stronghold for Labour! Through this action many, I hope, will see Labour for what they are - 'spend now, regardless of the consequences' - thereby destroying the stranglehold that Labour have on this beautiful principality that I call home. This would then allow for true economic recovery and worthwhile investment as a partner to the other nations of Great Britain, rather than a breeding ground for destructive socialist values which have held the country back!

S

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