A number of measures will be tabled at the G20 summit in Washington which will hopefully serve to boost ailing economies world-wide. This will be centered around tax-cuts and public spending to boost regeneration.Whether this type of tinkering with the economy can have a significant outcome remains to be seen, I am sure that the 'confidence trick' of being seen to be doing something, is as least as important as whatever 'something' ends up being done...
Certainly there is no doubt that the right sort of public spending can help to retain jobs and boost the economy, but I honestly don't see a small tax break as having any real effect.
Interesting to see China amongst other nations included at the summit, but puzzling that it centered around George W Bush when he is very much on his way out of office. Nevertheless Gordon Brown has taken his chance to raise his profile internationally.
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The Bush plan falters
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