Friday, 26 December 2008
David McNarry has formulated an ingenuous scheme to free up money in order to tackle the financial downturn. The executive could secure a substantial interest free loan from Westminster guaranteed by superfluous assets (as opposed to Parliament Buildings as the News Letter suggests). Having not examined McNarry’s proposals in detail I have little idea if they would work, but it certainly seems to be a piece of creative thinking from the MLA. Monies might be used to build infrastructure and boost the ailing constructions industry. Of course Alistair Darling might not agree, which would make McNarry's idea academic.