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:
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