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[Banjax]

Remember that letter in the Telegraph a while back signed by some leading lights in business all praising George Osbournes cuts and saying the private sector will compensate by creating jobs?

http://www.telegraph.co.uk/comment/letters/8069609/Osbornes-cuts-will-strengthen-Britains-economy-by-allowing-the-private-sector-to-generate-more-jobs.html

Unfortunately, of the 30 odd signatories, 23 are chairmen of PLC's that publish employment figures and of the 23 we can examine, 15 of them shed a total of 18432 jobs 

Now does this mean these 15 companies are headed up by idiots with no plan or liars who knew full well what they were saying was tosh? I wonder how many will be "honoured" in the New Year?

[Dishevelled Den]

Remember that letter in the Telegraph a while back signed by some leading lights in business all praising George Osbournes cuts and saying the private sector will compensate by creating jobs?

http://www.telegraph.co.uk/comment/letters/8069609/Osbornes-cuts-will-strengthen-Britains-economy-by-allowing-the-private-sector-to-generate-more-jobs.html

Unfortunately, of the 30 odd signatories, 23 are chairmen of PLC's that publish employment figures and of the 23 we can examine, 15 of them shed a total of 18432 jobs 

Now does this mean these 15 companies are headed up by idiots with no plan or liars who knew full well what they were saying was tosh? I wonder how many will be "honoured" in the New Year?

15 of them shed a total of 18432 jobs

Out of what total size workforce BJ?

Although I do agree with you in general that business has exploited this cosy relationship for too long.

It's inevitable that business must work with government so that some form of coherent national policy be formed and maintained but over the recent past we can see that personal gain/glory/civic recognition has increasingly populated the actions of not only the politicians who drive legislation but those in business who would seek to exploit it.

It seems difficult to strike a balance when human nature enters the equation.

[Nickbat]

Remember that letter in the Telegraph a while back signed by some leading lights in business all praising George Osbournes cuts and saying the private sector will compensate by creating jobs?

http://www.telegraph.co.uk/comment/letters/8069609/Osbornes-cuts-will-strengthen-Britains-economy-by-allowing-the-private-sector-to-generate-more-jobs.html

Unfortunately, of the 30 odd signatories, 23 are chairmen of PLC's that publish employment figures and of the 23 we can examine, 15 of them shed a total of 18432 jobs 

Now does this mean these 15 companies are headed up by idiots with no plan or liars who knew full well what they were saying was tosh? I wonder how many will be "honoured" in the New Year?

The two issues are entirely separate.

The business leaders believed that public expenditure should be reigned in (it's not being cut, as I've pointed out before, just the rate of increase slowed). They believed that without spending being checked, the economy would slide. However, that has little bearing on job losses within their specific firms, the leaders of which are charged with maintaining profitability.

It should be noted that the government is shedding jobs, too; indeed the Border Agency has just got rid of thousands.   

[Varche]

I expressed my concern about the balance between new private sector jobs and trimming the public sector before on this forum. I still cannot see where all the new "Duncan Smith" jobs are going to come from at a time when the UK economy is still in very uncertain times. Here in Spain the government is at least honest saying the recession will continue and worsen next year.

There is food price inflation to factor in along with the increase in VAT in January. Lets hope Dave and Vince can drum up some eport business to China.

[wingman]

There is absolutely no way that the private sector will be able or willing to create the number of new jobs required that this governments policies dictate. Neither is the oft repeated myth that the private sector is more efficient true. Having worked in both sectors I can say that public sector workers are just as dedicated to doing a good job as those in the private sector. True there are lazy b...rs but  this applies to both equally IMO and experience as a middle manager