VIEW FROM THE HOUSE
THERE aren’t usually many major political announcements during August, but one of the significant ones this year was made on August 2.
The new Prime Minister, Rt Hon Theresa May MP, said that a new Cabinet committee would be meeting that day, to discuss the economy and how to make it work for everyone in the UK. The committee’s membership is made up of Cabinet ministers from more than 10 departments of state. They are going to be working to put forward an industrial strategy that promotes a diversity of industrial sectors, and making sure that the benefits of economic growth are shared throughout the whole of the UK.
This committee began its work not long after the Prime Minister said that there should be a review of the Hinkley C nuclear power station project.
While we need electricity generating capability to ensure that we have power supplies for domestic and business users, we do need to think about the value for money which such a project represents.
With a new team around the Cabinet table it is time for a fresh look at some of the major projects which have been put into place.
I hope I will be forgiven for saying that one of these should be the HS2 project, especially after the report by the Taxpayers’ Alliance which shows how much money has been spent before any track has been laid or any tunnels dug out. More significantly the question of compensation still needs to be settled for residents who are affected! As a country we need to look at productivity because people in this country do work hard and they work long hours.
This needs to be translated into higher productivity across the country as well as into better wages so that there is more fairness in the way that the rewards of economic success are spread.