Monday, 25 March 2013

Heseltine: “No national will to improve economy”


Former Conservative party deputy Prime Minister Lord Heseltine has suggested that British people may be so wealthy that they lack the “national will” needed to secure an economic recovery.

He told the Independent it was “not essential” for the UK economy to improve: “It could keep drifting down”.

He said one theory was that the richer people were, the less desire they had to improve their situation.

Basically Heseltine is stating the reason the economy is the way it is, has nothing to do with the government’s policies, and is instead down to the fact that the public are simply too rich to care about it improving.

I’m sure families and businesses up and down the country are delighted at the state the economy is in, because everyone’s making an absolute fortune. Out of touch immediately springs to mind.   

Heseltine’s comment about how it isn’t essential for the economy to improve and how it can keep drifting down is puzzling.

Having been recently downgraded and threatened with further reductions, and with growth cut again, and the threat of a triple dip recession, somehow I don’t think we are in a position to say ‘oh don’t worry about the economy it can keep on sliding and it won’t matter’.  

These comments from Heseltine are hard to fathom, I don’t see what point he’s trying to make and also there’s very little to agree with.   

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