
Lip-chewing Sunak: if I kept wasting money on projects that won’t actually help the economy, I’d be nervous too.
I don’t get it. If high street businesses across the UK have gone to the wall because of the government’s lacklustre response to the economic effects of locking us all away from Covid-19 – how will this cash be spent?
The Tory government has announced that 72 high streets will get a share of £831 million – that’s around £11.5 million each.
Keir Starmer’s Labour Party is bitching because Boris Johnson had offered £1 billion previously, but that’s not the point.
The question is: how is it going to help?
Many people – not just conspiracy theorists! – reckon the hardship forced on small-to-medium-sized business people may have been deliberate, in order to concentrate shoppers’ money in the hands of a few very large consumer chains.
I see little actual support for high street businesses in the projects mentioned by the Guardian article:
Among the projects selected for the funding were £17.9m for the renovation of the Scala Theatre and Corn Exchange in Worcester, a scheme to build 186 homes in Birkenhead and a plan to convert empty retail units in Tamworth, Staffordshire, into community spaces.
But according to Rishi Sunak, the chancellor, the money is supposed to be for
projects that level up opportunities and create jobs right across the country.
I don’t see how the latter will be achieved by the former. It’s just throwing cash away.
It should be injected into businesses to ensure they continue to be going concerns.
But then, of course, Sunak’s government is now best-known for spaffing £11 billion on companies owned by Tory cronies, for Covid-19-related supplies that they had no idea how to provide, while experts who had applied for the work were ignored.
That should tell you everything you need to know.
If I had a pound for every time Sunak has messed up someone’s finances, I would be richer than his wife.
Source: Government names 72 high streets in England to share £831m recovery fund | Business | The Guardian
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