Copied post. Welsh inefficiency

As someone who lives and pays taxes in Wales, as well as supporting the worthless cunny that is Paul Flynn I figured this needed a slightly wider airing to a Welsh audiance like see, look you, boyoo etc etc.

It seems that the Welsh have assembled a fund to give grants to small businesses.

A £19m scheme to support existing and new businesses in south west and mid Wales has been launched.

Almost 2,000 grants of up to £5,000 are being made available in five counties - Carmarthenshire, Ceredigion, Swansea, Pembrokeshire and Neath Port Talbot.

It is supported by £8.9m European funding, and there are claims it could create about 1,000 new jobs.

Vindico points out that the figures don't... er... add up to much.

Assuming each grant is the full £5k: 2,000 grants * £5k = £10m. So where does the other £9m go?

Well, one must assume that the remaining £9 million—which is, of course, a wee bit more than the entirety of the EU funds—goes on the administration of this system. Which means that just over 47% of this money is being spent on running the scheme.

Nice.

Still, it's rather better than central government: I have seen it estimated that, of every pound that goes into the Treasury, only about 30p is actually spent on front line services.

Can I just reiterate that government does things very inefficiently and, if you do not like your hard-earned tax money being pissed up the wall, we should ensure that the state gets as little of our money as possible, and thus does only the bare essentials?

The rest is simply wasted. And it's your money.

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