UPDATE: in deference to Paul Walter (see comment below) this is the post formerly known as ‘£1.3 trillion we won’t see again’.
I blogged before about the waste of £31M a day on the useless VAT cut.
Now here’s a piece on how much better the £1.3 trillion squandered by Gordon Brown on bailing out the banks could have been spent – 40 new hospitals, 500 new schools, and so it goes on.
Despite the bailout, the banks are still sacking staff, adding to the unemployment benefit bill and depressing the retail economy. Whereas investing in new infrastructure would create jobs, and give us the money to keep our shops afloat.