Government Investment is a “Terminal” Illness

Government Investment is a “Terminal” Illness

Governments have consistently shown throughout history that they make poor investment decisions and even poorer financial forecasts. Two recent examples in Scotland stand out.

Firstly, the Parliament building in Edinburgh was originally expected to cost somewhere between £10m and £40m, and ended up with a price tag of over £400m. And secondly, the infamous tram network, which was originally supposed to cost £500m for around 20 miles of track and ultimately ran to a total expected bill (including interest) of over £1bn for a much shorter …

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