Whether this is under the gun or to keep a lid on the extent of the nod & wink links between the politicos,bankers etc with reserved places in the taxfunded lifeboats.
Trickle up , cos trickle downs not working.

With millions unemployed we are mad not to utilise this workforce in public projects (not those the private sector want to undertake), which can be scaled back as the economy picks up.
The major flea, a lack of comptence in government to control spending. We could create an energy revolution but we may have to wait & hope for competent government at the next election.

Mervyn King is entitled to his view, heaven knows we need plurality opinion.
IF,I say If the money was spent wisely it would have beneficial returns visible into the future. The markets would then lend, they do like visibility on future earnings, especially now,they barely trust themselves.

We dont have to be exactly right,roughly will do.Paying for idleness is not rationale, where alternative projects are available to be fulfilled, they should be engaged, funded by the asset created. Toll roads/bridges,windfarms,A severn barrage,new bridges, all with wind turbines etc built in Britain.

And please no more PFI, its just smoke and mirrors,linked to offshore financial engineering.
We can guess where that leads to.

Get out of the EU its constraining our recovery and freedom to govern.