Tag: Transport

This month’s budget in Britain will provoke yet another round of debate on austerity versus stimulus. But the issue of how we spend what we have is more important than the issue of what we spend.

Trams were phased out because they were inferior to buses as a means of public transport. They still are.

At a time when public expenditure cuts are focused excessively on capital expenditure, we are in danger of directing too much investment to vanity projects – like the Olympics, high-speed broadband, high-speed rail – whose returns are political excitement rather than tangible.