Dull but worthy capital plan needed, not election gimmick
Despite the enormous spend on capital projects to be announced today, it's clear there won't be enough money in the kitty to deliver every grand project deemed worthwhile by the Coalition.
We might be in a better financial position today than just a few short years ago, but we're far from rich. That's why all capital investment programmes need to be more 'dull but worthy' rather than focused on flash projects aimed at winning votes, at least for the foreseeable future.
There are priorities, such as social housing, broadband investment, energy efficiency, flood defences, health services and schools. But investment in big ticket items like rail links or roads projects must be very carefully evaluated before being given the go-ahead.