BA boss Willie Walsh criticises Osborne on cuts and lack of growth

10th December, 2012 7:59 am

BA Chief Willie Walsh (no friend of the labour movement) has criticised the government’s cuts agenda, and said that Osborne has no agenda for growth. The Times reports him as saying:

“When I look at what I’ve done to restructure my business, I’ve been very clear — you can’t downsize a business to profitability. You can downsize to minimise losses, but you’ve got to pursue growth…I don’t see an agenda for growth.”

Or to put it another way, you can’t cut your way out of recession..

  • Daniel Speight

    One of the very few times I agree with this piece of s***, Walsh. Anyone in business has probably learned the lesson that downsizing can minimise losses, but does not lead to profitability.

  • edurne

    “When I look at what I’ve done to restructure my business, I’ve been very clear — you can’t downsize a business to profitability. You can downsize to minimise losses, but you’ve got to pursue growth…I don’t see an agenda for growth.”

    And here in Spain, Mr. Walsh -ever since vultures like you have been overflying our territory and feasting on the spoils of Iberia, which you are thoroughly destroying- we certainly don´t see any growth in the near future. All we see is chaos, destruction and ruin. Thank you Willy, but you better get your dirty hands out of Iberia.

Latest

  • News Unite make clear they do not support de-selecting MPs

    Unite make clear they do not support de-selecting MPs

    This evening Channel 4 have run a story stating that a Unite member is claiming that the “far-left” is preparing to try and de-select Labour MPs if Jeremy Corbyn wins. Unite have stressed that this is not their policy, while leadership contender Corbyn does not seem to have any part in this. The unnamed Unite member is reported to have named a number of MPs he would wish to de-select. However, this is in no way supported by Unite and […]

    Read more →
  • Comment Featured Will Chuka Umunna be the next Shadow Chancellor?

    Will Chuka Umunna be the next Shadow Chancellor?

    From being touted as leader of the resistance against Jeremy Corbyn, Chuka Umunna is now being tipped as being the left winger’s number two. With the betting markets still convinced that victory for Jeremy Corbyn is assured, Umunna’s odds for becoming the next Shadow Chancellor tumbled this morning. He is now second favourite for the role, just behind Andy Burnham, at 5/1. Umunna appears to have publicly softened his position on leadership frontrunner Corbyn. It is no great secret that Campaign Group […]

    Read more →
  • Comment Dissolution Dishonour: it’s time to abolish the House of Lords

    Dissolution Dishonour: it’s time to abolish the House of Lords

    The Prime Minister’s behaviour since his unexpected election victory shames our democracy. His dodgy dissolution honours list is only the latest and most egregious example of his contempt for all constitutional and political propriety. As always his actions are extremely partisan in the Tory party cause. His utter failure to ensure that the electoral register contains the up to seven million missing voters who are far less likely to be Tories, his decision to cut the number of seats in […]

    Read more →
  • News Kendall calls for early years inequality to be tackled

    Kendall calls for early years inequality to be tackled

    Liz Kendall has called for a greater effort in tackling the inequalities that set in before children start school. This morning, the leadership hopeful said that as much effort should be put into tackling inequality during foundation years as it is at primary and secondary school. Kendall said that she has seen first hand in her own Leicester West constituency how children could start school at the age of five over a year behind their peers in terms of development. […]

    Read more →
  • News Jeremy Corbyn proposes plan for older people with flexible pension age

    Jeremy Corbyn proposes plan for older people with flexible pension age

    Jeremy Corbyn has outlined part of his plan for older people with a flexible pension age. Writing in the Telegraph (£) the leadership candidate argues against increasing the pension wage and cutting social care provision and instead proposes a flexible pension age “that allows people to work for as long as they want to”. He notes that raising the pension age mostly affects lower-paid workers. Corbyn suggests that these measures would be paid for by increasing income tax rates – […]

    Read more →
Share with your friends










Submit