29 October 2012
THE EU BUDGET SHOULD GROW
It fits with the unpopularity of all things European among British voters, but the enthusiasm of Ed Balls and Douglas Alexander for cutting the EU budget is a mistake. Europe does need to cut its subsidies for agriculture, but more importantly it needs a massive increase in it structural funds to develop the infrastructure of its poorest areas (some of which are in Britain). Europe-wide super-big-state top-down Keynesian infrastructure spending could work wonders in bringing the continent out of recession, and that's what Labour should be saying. I really get the sense that they've spent so much time looking at what focus groups are saying that they've completely lost the policy plot.