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In fact the yet-to-be-completed Kings Cross station project …

Comment posted The eurozone crisis and the Independence referendum: time for proactive postponement? by Robert Wakeham.

In fact the yet-to-be-completed Kings Cross station project is costing £547m, and has been desperately needed for a very long time, but it took the Olympics to force the government’s hand. The sheer long-term neglect of East London infrastructure, and the utter squalor of some areas (notably the Lea valley stretching well beyond the Olympics zone), part of a hugely wealthy city, is a shameful indictment of the quality of Westminster – and London local – governments of all political hues for a very long time. I suspect that regeneration of equally squalid areas on the east side of Glasgow proceeded far faster, and I’m more outraged by the liberal use of lottery money for some of the Olympic developments than of other public money.
The cable car was originally costed at £25m, to be entirely privately financed, but the cost has increased to £60m, with Emirates sponsoring £36m and the £24m balance to be paid for by ‘third party funding and fare revenue’ Just two examples of actual project cost, but it’s indicative of a more complex funding pattern than you suggest, and I might ask you how the enormous cost overrun on the Holyrood parliament building, and the colossal bill for the new Forth road bridge, are being funded – if not from the tax payer?

Robert Wakeham also commented

  • We were tribal/feudal once, Karl – ‘always will be’? (ps an interesting bit on the business outlook in Basra on the beeb R4 this morning, not optimistic in the short term)
  • At least the pandas look more cuddly than Donald Trump, but all the same I’d let the First Minister cuddle them first.
  • Dave: Surely the LibDems have bounced back from being on life support before, and anyone who dismisses them as irrelevant should take the time to listen to Shirley Williams expound on just about any subject under the sun.
    Whatever mainstream party people support, it’s surely much more healthy to have more than just two main players slugging it out and often polarising sensible debate toward two less and less palatable extremes? When I was a kid I thought that two-party democracy was the cat’s whiskers, but over the years I’ve become less and less sure, and the predictably grotesque antics of money-fuelled heavyweight political rivals in the United States makes me thankful for the variety in this country.

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