I READ with dismay that Rishi has been captured by the “dark side”. It has taken a few months from when he announced the Job Retention Scheme (furlough) back in March/April. It has taken a wee bit of time and cajoling, but it seems they have him “back on message”.
One analogy used to explain things to the great unwashed is “You can’t borrow your way out of a hole”. Easy to understand and quite visual, but it is wrong strategically and logically.
We need a “ramp” to allow all of us to walk out of the hole together, rather than a ladder. A ladder has limited bandwidth, which restricts who can get onto it, and only those with the resources to get on the ladder can get out of the hole. Those who do not have the resources get left behind in the hole.
READ MORE: Rishi Sunak warns UK can’t ‘borrow our way out of a hole’
This population makes a major contribution to the economy, and being “left in the hole” limits our economy and its ability to return and repay the current debt mountain. Isn’t this like shooting oneself in the foot just before a marathon?
As businesses fail, and they will, one of the most important resources will be lost. Human resources that contribute to the success of business.
Rishi needs to extend the furlough for “targeted” businesses or pass the ball to the devolved nations.
Alistair Ballantyne
Birkhill, Angus
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel