Nanny Knows Best

Nanny Knows Best
Dedicated to exposing, and resisting, the all pervasive nanny state that is corroding the way of life and the freedom of the people of Britain.

Saturday, November 10, 2007

Wasting Our Money

Wasting Our Money
Nanny loves to spend money on her pet projects and ill thought out schemes, especially when its our money.

The National Audit Office (NAO) has issued a damning report on Nanny's pathfinder housing market renewal programme, launched in 2002 by our old friend the Smooth Talking Bar Steward.

Bollocks To The Bar Steward

The "plan" was designed to revive nine areas in the Midlands and the North of England, which had suffered long-standing deprivation.

Unfortunately, as with so many of Nanny's "plans", it was utter bollocks.

The NAO found that despite £2.2BN of OUR money being committed to the scheme, it could find no "causal" link between pathfinder activity and improvements in housing markets.

That's accountant/audit speak for saying that it didn't work.

Although conditions had improved in some neighbourhoods, in others it had led to increased stress in the short term.

Under the programme, 40,000 homes have been refurbished and 1,100 new homes built. About 10,200 properties have also been demolished. In a number of areas there has been opposition to demolition projects and the original plans to demolish 90,000 properties have been reduced to 57,100.

Sir John Bourn departing head of the NAO (who managed to spend a large sum of our money on his and his wife's personal "business" expenses...that's another story folks, which I will cover at a later date) said:

"Housing market renewal is a radical programme

but it is a high-risk approach.

While there have been physical improvements

in some neighbourhoods, it is unclear whether

intervention itself has led to improvement

in the problems of low demand.

And in some cases intervention has

exacerbated problems in the short-term
."

Nanny doesn't get it:
  • You cannot create demand, where there is none to be created.


  • You cannot buck the market.


  • You cannot force people to live in areas that they don't want to live in, unless of course you are a dictatorship.


  • Throwing money at a problem does not work.
However, it's not Nanny's money and she doesn't give a fark!

3 comments:

  1. During PMQ's every answer amounts to,"We have thrown lots of money at it, and certainly more than your lot did when you were last in government."
    However, in true socialist style, what Nanny does not understand is that, it is not how much money is spent but, how that money is spent that matters. Value for money does not come into the equation as far as Nanny is concerned, well it wouldn't would it? She can raise as much as she likes through taxation both upfront and stealth.

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  2. The magazine "City Journal" has a well-written article (available online) about how the US government has thrown away enormous sums of money in an utterly futile attempt to revitalize Buffalo, New York, and other "Rust Belt" cities.

    The economic, demographic, and technological forces that breathe life into a community and turn it into a thriving metropolis often shift over time, and the city contracts to a size more compatible with these new circumstances, as the more talented resdients go elsewhere.

    Governments can't really overcome these vast forces, but as you point out, Ken, they're spend other people's money, and it's all about buying votes to stay in power, and they don't really give a fark what happens in these dismal places so long as the votes keep coming their way.

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  3. grumpy5:00 PM

    It's ALL our bloody money anyway: governments don't make money, they only print it and waste it.

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