It's expected that the Government are about to extend the car scrappage scheme or 'cash for clangers' as it was known in the US. It pays £2,000 to car buyers who trade in a car over ten years old when buying a new car. It's helped boost car sales at the same time as removing less efficient vehicles off the road at a time when we need to more environmentally aware.
It's a shame the Government could have been so innovative in other areas. Take for example the VAT cut. It knocked 18p off the price of a CD and a fiver of the cost of your average telly. Yet at a £12.5bn cost to the Government it'll cost your average tax payer over £300.
That's enough money to give business startup grants to over half a million entrepreneurs. A good number of these businesses will fail (there's evidence to show business failures are average during a recession). But many will go on to grow and create new jobs, pay taxes and innovate.
We need to get beyond this big business mentality. Brand names add kudos but the reality is the engine of UK plc is the small business. It's not the businesses who employ thousands. It's not the names in the news and it's not the £bn profit announcements we hear.