It’s back to Plan A, but more of it. The economy is softer than experts predicted even six months ago, so the Liberals, who came to power promising to spend big on infrastructure, are betting on more of the same.
But the timelines seem out of whack. Tuesday’s mini-budget told a dispiriting tale of an economy that’s weaker now, and will be for four or five years. But its new measures mostly kick in later – like promising to pump even more into infrastructure, but mostly later, as far away as 11 or 12 years from now, or an infrastructure bank that is still on the drawing board.Report Typo/Error