RE: Disruptions11 Sep 2023 23:27
Gate13Boy,
I believe in value for money for taxpayers. GOV used to work on the basis that a £ of taxation invested should give a £7 return to the Treasury. Will the money spent subsidising the BMW jobs result in that level of return? Or would the same money have been better deployed somewhere else? There is an urgent investment need in energy efficiency in housing - money might be better deployed there?
And, subsidising higher skilled jobs displaces efficient allocation of trained labour. It might save those jobs now, but would those people have gone on to create more value for the economy if the free market had been allowed to operate? We will never know...