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

  • Comment One Nation Conference? Not for poor Labour members

    One Nation Conference? Not for poor Labour members

    Full time Carers who care 35 hours + a week for a disabled or elderly relative receive the princely sum of £61.35pw for their efforts. Many carers like myself in reality care 24/7, 365 days a year. Already cut out of most activities like a meal out or a social evening with friends, our horizons under the Tory government have become narrower and narrower. As Labour Party members, many of us look to the party to get our voices heard, […]

    Read more →
  • Featured My visit to Israel and Palestine this week has strengthened my commitment to a two state solution

    My visit to Israel and Palestine this week has strengthened my commitment to a two state solution

    Since Operation Protective Edge began in early July, at least 1,360 Palestinians have been killed, mostly civilians, and a quarter of Gaza’s population has been forced from their homes. Two Israeli civilians have lost their lives in rocket attacks, several hundred have been injured, and 56 Israeli soldiers have been killed. Today, the latest appalling loss of life is yet another tragic example of the death and destruction that has resulted from the escalation of this conflict. Of course this […]

    Read more →
  • Featured News Grayling gives speech attacking Labour while his own department publish his failings

    Grayling gives speech attacking Labour while his own department publish his failings

    You know that a Cabinet Minister’s speech has no positive message when the Tory Press Office Twitter account bothers to livetweet it.And that’s exactly what happened with Justice Secretary Chris Grayling’s attack on Labour spending plans this morning. No, we don’t they got him to do it either. The speech itself was standard fare: lots of attacks on trade unions dressed up as economic commentary. What was interesting was that while he was giving it, the Ministry of Justice released […]

    Read more →
  • Comment I do not have a vote in the referendum, but I do have a voice

    I do not have a vote in the referendum, but I do have a voice

    For me, the debate about why Scotland should remain part of the United Kingdom is personal and emotive – but is also about hard facts. We are tied together by bonds of friendship, family and economy in so many ways. My family history – going back some 300 years – is Northern Irish, Scottish, English and Welsh. I was born and brought up in Wales by a Cumbrian mother and a Wiltshire father. I went to university in England, and […]

    Read more →
  • News Seats and Selections Miliband’s greatest quality is that he’s willing to have a “bloody good think”, says Dobson

    Miliband’s greatest quality is that he’s willing to have a “bloody good think”, says Dobson

    Last week, Frank Dobson announced his intention to stand down as MP for Holborn and St Pancras after 35 years. Today, The Guardian have a candid and, at times, touching interview with the former Health Secretary. In a wide-ranging conversation with Owen Jones, Dobson sounds optimistic about the current state of the Labour Party: he’s “very confident” Labour will win next year’s election and is pleased that the Party has avoided going “a bit 1979″. Ed Miliband has ensured that […]

    Read more →