Spinners unspun are not much fun

George Osborne's announcement that the £353 million 'super' hospital for the Black Country can finally go ahead is a big one.

Published

Now here comes the hospital courtesy of PF2 - a private finance scheme that's a little less, well, private.

The old system gave us schools, hospitals and more but came with a pretty hefty mortgage in terms of long term, regular payments from the public purse.

The new arrangement is meant to be smaller and simpler.

But while it's all been drawn up, the long wait for the super hospital in Smethwick went on. And on.

And it's not over.

It's still subject to a business case being approved and there won't even be spades in the ground before 2016.

What it does give the Chancellor, and the Tory party for that matter, is something to talk about in the run up to the General Election.