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

December 10, 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

  • Featured 8 questions Iain Duncan-Smith must now answer

    8 questions Iain Duncan-Smith must now answer

    In November 2011 Iain Duncan Smith promised – one million people would be on Universal Credit by April 2014. Three years on fewer than 18,000 people are receiving Universal Credit. Despite over £600million being spent on the new benefit the programme is beset by chaos, waste and delays. This afternoon Iain Duncan Smith was forced to appear before the House of Commons to answer questions about this failing programme. But once again he refused to answer the simplest of questions about his […]

    Read more →
  • Comment They left us wanting more – Gordon Brown is only the latest big beast to depart

    They left us wanting more – Gordon Brown is only the latest big beast to depart

    “Always leave them wanting more.” It’s not entirely clear who said it first, but this has become one of the more popular, if rarely achieved, political clichés. Of all the recent political leaders we might have expected to stand aside with a clamour for more ringing in his ears, Gordon Brown would not have featured prominently in discussions. Brown’s Labour leadership culminated in the party’s second worst General Election performance in the post-war era. Although he opted to remain in […]

    Read more →
  • Comment Regional banks: a crucial ingredient to help small business

    Regional banks: a crucial ingredient to help small business

    On 19 November, I was at a meeting at the German Embassy with the head of the German Savings Banks Group, Sparkassen, Georg Fahrenschon. Herr Fahrenschon told us that local savings banks were the biggest single driver of economic resilience through the global financial crisis and in the recovery since. This was because of their support for small businesses, which are the backbone of the German economy. In the US, the economic recovery has been far stronger and more sustained […]

    Read more →
  • Comment To win back people’s trust, we need to be honest about what the limits of politics are

    To win back people’s trust, we need to be honest about what the limits of politics are

    With just over 6 months to go until the next General Election, one would expect there be to a lively debate across the political spectrum mapping the key battlegrounds of the election campaign over the coming months and presenting some of the major policy ideas of each party. Instead there appears to be a general mood of helplessness among both the Conservatives and Labour. Numerous commentators have highlighted a fundamental disconnect between the political class and the electorate; an insidious […]

    Read more →
  • News Labour will set up a national refuge fund

    Labour will set up a national refuge fund

    Today it’s International Day to Eliminate Violence Against Women. Yvette Cooper has marked this by announcing that Labour will set up a national refuge fund and is committed to continuing support for rape crisis centres. Cooper, writing in the Guardian, says that Labour will use the £3million they would save by abolishing police and crime commissioners to do this. This pledge is significant given that under the Coalition, cuts have meant that between 2010 and July 2014  the number of […]

    Read more →