On the Politics Show today in Yorkshire and Lincolnshire, one of the topics for discussion were Quangos. I recorded a piece on Wednesday and had a 30 second slot on the programme.
In the studio, one of the guests was Martyn Coltman, from the Bridlington Renaissance Partnership. If only I can have a ten-minute slot with him on either television or radio. If you want a prime example of how not to use public money, then take a look at Bridlington.
Grandiose schemes abound such as planting trees that won't grow. Spending £100K on welcome signs. Spending £6.5 million on paving around the Spa Complex with an amazing half a million pounds being swallowed up in consultants fees. They are just three of a catalogue of examples of how public money is being wasted by a largely unaccountable body supposedly regenerating the seaside town.
I'm not saying public money should not be spent in Bridlington, but it should be given to the council who can then allocate it to projects it feels are worthy. If the public disagrees then they can always show their dissatisfaction at the ballot box. This way there is accountability.
What Quangocrats like Mr Coltman fail to realise is the only way to get business booming is to lower taxes and reduce regulation. High taxes and increased regulation are the main drivers against economic success. Their disincentivising effects can been seen throughout the country.
Meanwhile Quangos continue to dole out public money in the hope trade will be increased by grandiose projects. They may have some effect, but they will never be the solution. Successful economies are low tax and low regulation economies and when public money is being spent, the public have a right to hold those responsible to account. It's called democracy. In Quango-run Britain, this is something sorely lacking.