“Oh, oh, oh, oh, oh no!” Welsh boffins urge for Plan B to create economic action plan

Some Welsh acadmeics feel Plan B could hold the solution to the UK's problematic economy

WELSH academics have called for Chancellor George Osborne to
enlist the help of a rap and soul star to lift the UK out of the economic quagmire.

Stubborn Mr Osborne has insisted the ConDems will plough on with controversial austerity measures as the global economy continues to weaken,
following a meeting with International Monetary Fund (IMF) chiefs this week.

But finance experts in Wales believe there is another solution to the problematic economy – in the unusual shape of music star and general Cockney wideboy Plan B.

Professor of economics at Swansea University, David Blackaby, insisted enrolling Plan B’s assistance could be vital to stimulating growth.

But the boffin said he doubted the Defamation of Strickland Banks idol would get the chance to help, as Mr Obsborne fears signing the pop star up to the cause would be deemed as an own goal among his European compatriots.

Prof Blackaby said: “What has been suggested by the IMF is that we need a common action plan – which Plan B has.

“If George Osborne is going to ask Plan B for help – although he says he doesn’t need him – it will be for that reason.

“What he’s wary about is that if he presents the idea of enlisting Plan B on his own, it will be seen as a failure and the market may turn on him. What he needs is for Plan B’s help to be suggested in conjunction with other countries.”

But academics down the road in Cardiff take a wholly different view and believe that Mr Osborne should push on with his plans and ignore the offer of help from She Said star Plan B.

Professor Patrick Minford, of the Cardiff Business School, a former economic advisor to Margaret Thatcher’s tough tackling government, said enlisting Plan B could undermine the UK government on a global scale.

He said: “He [Osborne] will stick to the plan for the cuts and the taxes and then see how he goes, and I think that’s about right.

“The reason is, it ensures confidence in the financial market and this time we don’t want to get into a situation where anyone questions our bonds market status. It’s a danger we don’t want.

“Do we really want the help of someone who can’t decide if he wants to rap or he wants to sing? The last thing I think the UK economy needs right now is the assistance of someone who, quite frankly, is suffering a bit of a downturn himself. The last time I heard anything about Mr B he was playing gigs in pubs for free Bulmers cider.

“The long term answer to this economic conundrum does not lie with this Mr B.”

Read more:  http://www.walesonline.co.uk/news/wales-news/2011/09/10/welsh-experts-urge-osborne-to-prepare-plan-b-as-global-economy-weakens-91466-29395476/


About welshnewsnot

We like the news, we like the news from Wales, we like having a laugh - surely the news isn't meant to be taken seriously, is it?
This entry was posted in Politics, South Wales and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s