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Richard Lambert Having A Pop At The Government.

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I caught the end of a piece on BBC News where Richard Lambert of the CBI was having a pop at the coalition. Did anyone see it? What's he on about now?

CBI boss: Coalition lacks vision

Source: http://www.bbc.co.uk/news/business-12267007

The outgoing boss of the business body CBI has accused the coalition of failing to come up with policies that support economic growth.

"It's failed to articulate in big picture terms its vision of what the UK economy might become under its stewardship," Sir Richard Lambert said in a speech.

Sir Richard said business supported the government's spending cuts.

But some politically motivated initiatives were damaging, he said.

The government has "taken a series of policy initiatives for political reasons, apparently careless of the damage they might do to business and to job creation", Sir Richard said in his last major speech before his departure on Friday.

'Making matters worse'

Spending cuts and initiatives such as this month's VAT increase from 17.5% to 20% would help fix the UK's structural deficit over time, Sir Richard said.

"But to bring the public finances back to full health, they will have to be accompanied by increased output and employment - which bring with them higher tax revenues," he stressed.

"Public spending cuts and private sector growth are two sides of the same coin."

Hence, without initiatives supporting private sector growth, the spending cuts would not only be futile; they would be actively detrimental, he reasoned.

"It's not enough just to slam on the spending brakes," he said.

"Measures that cut spending but killed demand would actually make matters worse."

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March 2010 the CBI wanted the debt cut.

Business leaders urge faster action on UK's £178bn debt

CBI director Richard Lambert says the Chancellor must act now

Business leaders have demanded that the government start making public spending cuts this year to reduce the UK's £178bn deficit.

Two employers' groups, the CBI and the Institute of Directors, say faster cuts in government borrowing are needed to restore credibility in public finances.

The CBI has called for "a clear pathway" towards balancing the books.

And the IoD says the recovery could receive a boost if public spending was cut as part of fiscal tightening.

'Investors jittery'

The CBI and IoD set out their demands in pre-Budget submissions.

"The government must act now to set out a convincing, credible pathway for balancing the books," said Richard Lambert, director-general of the CBI,

http://news.bbc.co.uk/1/hi/business/8554353.stm

Have big business only just realised that the cuts might mean there are going to be less people who can afford to pay the inflated prices for their good and services, needed to fund their massive pay rises recently?

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Concept

The concept of corporatocracy is that corporations, to a significant extent "own" or have massive power over governments, including those governments nominally elected by the people, and that they exercise such power not by back-room conspiracies but by their enormous, concentrated economic power, and by legal in-the-open mechanisms (lobbyists, campaign contributions to office holders and candidates, threats to leave the state or country for another with less oversight and more subsidies etc). Oliver Stone captured "Wall Street, you know, you could say..runs the world. Wall Street, the pharmaceutical lobbies, the oil lobbies, they run our government"

They might or might not "exercise such power not by back-room conspiracies" as well as all the other methods mentioned above but it's also particulary noticeable how many of the nearly 1200 UK quangos are stuffed full to the gunnels with corporate/business types. So it's all pretty blatant.

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And from the contents of his CBI speech their demands are total self interest and have few bounds.

Edited by billybong

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And from the contents of his CBI speech their demands are total self interest and have few bounds.

The last time I saw it this was Davlie Cameron's full list of "advisors":

•Angela Ahrendts, CEO, Burberry

•Helen Alexander, President, CBI

•James Cameron, Vice Chairman, Climate Change Capital

•Philip Dilley, Chairman, Arup

•Sir James Dyson, Founder, Dyson

•Stephen Green, Chair, HSBC

•Justin King, CEO, J Sainsbury

•Sam Laidlaw, CEO, Centrica

•Dick Olver, Chairman, BAE Systems

•Michael Queen, CEO, 3i

•Sir Michael Rake, Chairman, BT

•Eric Schmidt, Google

•Sir Martin Sorrell, CEO, WPP

•Andy Street, MD, John Lewis

•Sir Howard Stringer, Sony Corp

•Ratan Tata, Tata Sons

•Paul Walsh, CEO, Diageo

•Andrew Witty, CEO, GlaxoSmithKline

•John Wright, former Chair, FSB

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The last time I saw it this was Davlie Cameron's full list of "advisors":

•Angela Ahrendts, CEO, Burberry

•Helen Alexander, President, CBI

•James Cameron, Vice Chairman, Climate Change Capital

•Philip Dilley, Chairman, Arup

•Sir James Dyson, Founder, Dyson

•Stephen Green, Chair, HSBC

•Justin King, CEO, J Sainsbury

•Sam Laidlaw, CEO, Centrica

•Dick Olver, Chairman, BAE Systems

•Michael Queen, CEO, 3i

•Sir Michael Rake, Chairman, BT

•Eric Schmidt, Google

•Sir Martin Sorrell, CEO, WPP

•Andy Street, MD, John Lewis

•Sir Howard Stringer, Sony Corp

•Ratan Tata, Tata Sons

•Paul Walsh, CEO, Diageo

•Andrew Witty, CEO, GlaxoSmithKline

•John Wright, former Chair, FSB

Tossers the lot of them. Can see quite a few who are headquartered offshore to avoid tax.

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The last time I saw it this was Davlie Cameron's full list of "advisors":

•Angela Ahrendts, CEO, Burberry

•Helen Alexander, President, CBI

•James Cameron, Vice Chairman, Climate Change Capital

•Philip Dilley, Chairman, Arup

•Sir James Dyson, Founder, Dyson

•Stephen Green, Chair, HSBC

•Justin King, CEO, J Sainsbury

•Sam Laidlaw, CEO, Centrica

•Dick Olver, Chairman, BAE Systems

•Michael Queen, CEO, 3i

•Sir Michael Rake, Chairman, BT

•Eric Schmidt, Google

•Sir Martin Sorrell, CEO, WPP

•Andy Street, MD, John Lewis

•Sir Howard Stringer, Sony Corp

•Ratan Tata, Tata Sons

•Paul Walsh, CEO, Diageo

•Andrew Witty, CEO, GlaxoSmithKline

•John Wright, former Chair, FSB

Not that unlike the unions days of beer and sandwiches at the10 Downing Street pendulum. It's influence is totally unbalanced and totally unrepresentative of the UK economy as a whole

Edited by billybong

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