Magic Money Tree?

My problem lies in reconciling my gross habits with my net income. – Errol Flynn.

Poor old Errol, he can’t have had a Magic Money Tree.

Why worry about runaway costs in our Government spending? The Magic Money Tree copes, doesn’t it? What about PFI? Billions of loss and wastage, never mind fraud and error which accounts (February 2016) for between £22bn and £44bn per annum. Per year, for goodness’ sake. At least the money goes somewhere.

Mac Logan interview on the Angels Share series.

Control-less Costs and the Magic Money Tree

Is it worth mentioning the losses from procurement cost overruns? We see them almost daily, for example:

• Big Ben doubles up.
• the escalating costs of new UK Aircraft Carriers maybe even more now
• the £10BN plus lost on NHS records
• the engines of the Type 45 Destroyer

[Then, of course, we’ve just had Carillion… and didn’t CAPITA just wobble?] It’s just as well the Magic Money Tree coughs up.

Charity begins at home … so save some cash

Where will the money come from? For example, if we control the runaway costs of government procurement and other wastefulness, we may have an answer … work smarter.

Commenting on the recent aircraft carrier costs, Margaret Hodge, the former Labour minister and past chair of the public accounts committee, stated:

“The carriers’ starting cost was £3.5bn, is currently about £6.2bn, and is likely to rise to up to £12bn. There will be nine years without a carrier, and it will be at sea for fewer than 200 days on average.”

What can we do in these days of food banks, tragic fires, austerity and pollution killing people tell us? We’re broke, the system’s broke and our leaders have no understanding or competence in fixing things.

Why does such crass inertia, insensitivity and incompetence remain unchallenged? Acceptance without question, covered-up and spun-away by our leaders? Perhaps all politicians lack the necessary expertise. My grandchildren will be paying for such mendacity and criminality for their whole lives.

Will the Magic Money Tree wither?

We can easily forgive a child who is afraid of the dark; the real tragedy of life is when people are afraid of the light. Plato

How do we overcome ideology and obvious disinterest? What should we do about the greedy/naughty/ corrupt people hiding in the wings?
If we fixed situations like these would we need much, if any, austerity or pain? Would we question helping our poor or educating our young folk? What opportunities await?

The ongoing costs of government procurement and the lack of control as typified by fraud and error is a national disgrace. Does the Magic Money Tree need pruning?  Why isn’t this a key priority for our cash-strapped government?

© Mac Logan