Thursday, January 15, 2009

Heathrow Runway another non-announcement!

Like the earlier two giant aircraft carrier announcement from the UK Government a couple of months ago and so many offers of billions here and billions there ever since - today's announcement that the Government will go ahead with a third runway for Heathrow airport is meaningless. The British Government will soon default on some of its debt or be incapable of raising more and will thus be unable to live up to basic welfare commitments let alone any of these fancy and hugely expensive spending commitments. They remind me of bankrupt high spenders setting out on a final binge when the bailiffs are camped at the door, what matter their promises they are doomed anyway. The next phase of bank failures today seems to be gathering pace across the Atlantic and where that will leave the money printing Gordon Brown few can easily contemplate. Heathrow is already the pits and most people I know avoid it at almost any cost. The depression will see off many of the airport's users so people should avoid getting too hot under the collar over what will soon be seen as a farcical non-event!

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