It’s pointless accumulating reserves and not spending them on vital infrastructure projects
IT IS GOOD to see, at last, some common sense emerging from P&R with Deputy Soulsby at the helm of Treasury matters. I was amused to look back at a letter I submitted to the Guernsey Press over 15 years ago when States Treasury first started to cry wolf about a ‘black hole’.
It does seem both from the passage of time and from the approach now being taken by P&R that we have been wholly misled for many, many years and wasted considerable money and civil servants’ time dealing with a problem that never existed in reality. I think I might have said this before on several occasions. Surely someone must be held accountable and heads must roll?
One thing though, it is pointless accumulating reserves and not spending them on vital infrastructure projects when we know that these reserves are real. These accumulated reserves just reduce though inflation and meanwhile the cost of not spending money on new schools, the hospital, social housing and infrastructure generally, comes home to roost.
Peter Rose
St Peter’s