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..

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  • 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.

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