Lib Dems Expecting Long Recession

Vince Cable has decreed we need more toll roads to save us all from the slow down in growth. There are two possible conclusions one can draw from this;

  1. He’s expecting a very, very, very long recession OR
  2. He’s an idiot.

Considering the example he gave of the M6 Toll motorway that took 23 years to go from consultation on route (options published 1980) to actually opening to traffic (December 2003). Even if one is generous that it is the construction work and not the road itself that is the object of the exercise that still took took two decades. If we’re still in a recession in 2030 I think the one thing that will be certain is that some new toll roads wont help.

Slightly more seriously even I would note that Vince appears to be asking for something no-one in the private sector actually wants to do (note he wants the private sector to actually build and operate theses new roads). The M6 Toll extension died a death because the traffic levels on the original stretch were ‘disappointing’, the Welsh plan for an M4 Toll never got beyond grand announcements and the SNP  turned against toll roads once they found out there was no way to make it free for Scots while still charging English motorists.

Honestly a bit of faffing about with payment methods is not going to change any of that so I am therefore compelled to think that option 2 is the correct conclusion. Which frankly is a relief, a two decade recession sounded a bit grim frankly.

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