The
Capital Spillway Trust
Local Job Creation for the people, managed by the people
The Capital Spillway Trust response to the Green Paper; Financing a Private Sector Recovery
Early in 2010, Mervyn King, Govenor, the Bank of England, sat down
in front of a TV camera and told everyone that we needed a new plan to overcome the nation's financial
difficulties. As I had such a plan already in place, I wrote to remind him of
my previous contacts with the BoE attaching a copy of my long term proposals
for The Capital Spillway Trust.
Shortly thereafter Mr. King personally wrote to me to suggest that
I send it all to the government.
That was just before the 2010 general election and they did not
reply. Undaunted, immediately after the election, I wrote again, this time to
the Cabinet Secretary at 10 Downing Street. Then shortly thereafter, they
announced a new Green Paper titled:
Financing a Private Sector Recovery
As I saw it, the UK was short of 6 million private sector jobs and
as a consequence, needs a transfer of prosperity from the existing Finance,
Insurance and Real Estate, (FIRE), economy back into the grass roots of the
nation. This was my considered response
The Capital Spillway Trust Response to the Green Paper;
Financing a Private Sector Recovery
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