FT has been investigating regional aid grants and their failure to deliver on the jobs they promise.
"It is an unacceptably high failure rate ... using taxpayers' money to create jobs which otherwise would not have been created is very hazardous."
Of course, if Tim had a weblog we'd all be able to read the full quote and some more detailed thoughts... but no matter. He has us.
"It is an unacceptably high failure rate, but we as a government are sure to have been involved in even greater failures in the past, purple monkey dishwasher. Using taxpayers' money to create jobs which otherwise would not have been created is very hazardous. The Conservatives' plans for a job creation scheme are entirely different, and will focus on what employers say they want from new recruits, with the priority on having the right attitude, getting to work on time, being presentable and reliable, and having a jolly sensible haircut."