Birdwatch Note Rating
2023-11-19 10:18:39 UTC - HELPFUL
Rated by Participant: 2923E1D935DF1FE5D280B5F5BD70C94E40E24C68773BA0CAA377E326CE0AD72F
Participant Details
Original Note:
HS2 spending was a one time CapEx spend while road maintenance is ongoing OpEx spending. This is like choosing to not buy a house and then borrowing the same money to spend on rent instead. Comforting in the short term but once the money is gone you’ve nothing to show for it. https://www.investopedia.com/ask/answers/112814/whats-difference-between-capital-expenditures-capex-and-operational-expenditures-opex.asp#:~:text=Capital%20expenditures%20are%20a%20company's,%2C%20utilities%2C%20and%20property%20taxes.
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