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Capital Reasons for Extra Public Investment

By: Davies, Gavyn | The Independent (London, England), June 17, 1996 | Article details

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Capital Reasons for Extra Public Investment


Davies, Gavyn, The Independent (London, England)


The Government published a rather odd paper last week on the state of capital investment in the British economy. Odd not because of its subject matter, but because it was published by Michael Heseltine, deputy prime minister and the Government's PR supremo, rather than by the Treasury or industry department. Odder still because it was not a work of propaganda, but a cross between a newspaper column and the lecture notes of a third-year undergraduate in economics. But however unorthodox the paper, it did make a political point - that the UK's investment performance was much stronger than it is usually painted by the Opposition.

The paper makes some perfectly justifiable …

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