Bruce Banner Posted January 24, 2011 Share Posted January 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Misanthrope Posted January 24, 2011 Share Posted January 24, 2011 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." Quote Link to comment Share on other sites More sharing options...
ElPapasito Posted January 24, 2011 Share Posted January 24, 2011 CBI boss: Coalition lacks vision Source: http://www.bbc.co.uk...siness-12267007 No examples - just generalisations. Git! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 24, 2011 Author Share Posted January 24, 2011 No examples - just generalisations. Git! http://uk.finance.yahoo.com/news/Profile-Sir-Richard-Lambert-tele-794642759.html?x=0 Although the CBI is strictly apolitical, Sir Richard was known as a Labour supporter Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 24, 2011 Author Share Posted January 24, 2011 Lambert is now hoping to be head of The BBC Trust . http://www.guardian.co.uk/media/2011/jan/19/richard-lambert-lord-patten-bbc-trust-chairman Richard Lambert was a Labour supporter and is considered and knows the media but isn't too high profile so he ticks boxes. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 24, 2011 Share Posted January 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Misanthrope Posted January 24, 2011 Share Posted January 24, 2011 Here's the full speech. It's a little lengthy, so I'll just post the link:- SIR RICHARD LAMBERT GIVES FINAL MAJOR SPEECH AS CBI DIRECTOR-GENERAL Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 24, 2011 Share Posted January 24, 2011 Still with the old 'oh noes, think about cuts effects on consumption' We need production, not more bloody consumption. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 24, 2011 Share Posted January 24, 2011 Big business tells coalition do as you're told. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 24, 2011 Share Posted January 24, 2011 Big business tells coalition do as you're told. http://en.wikipedia.org/wiki/Corporatocracy Quote Link to comment Share on other sites More sharing options...
billybong Posted January 24, 2011 Share Posted January 24, 2011 http://en.wikipedia.org/wiki/Corporatocracy 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. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 24, 2011 Share Posted January 24, 2011 Big business tells coalition do as you're told. Richard Lambert is sat to his left. Davlie Cameron has unveiled his panel of leading industry bosses who he says will help to shape the Government's economic policy http://news.sky.com/skynews/Home/Business/David-Cameron-Unveils-Business-Advisory-Group-With-Ratan-Tata-Sir-Howard-Stringer-Justin-King/Article/201010115749514?lpos=Business_First_Poilitics_Article_Teaser_Regi_0&lid=ARTICLE_15749514_David_Cameron_Unveils_Business_Advisory_Group_With_Ratan_Tata%2C_Sir_Howard_Stringer%2C_Justin_King Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted January 24, 2011 Share Posted January 24, 2011 Why would the Tories need an economic policy? Surely they should just sell everything to the highest bidder and we will suddenly be living in Nirvana. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 24, 2011 Share Posted January 24, 2011 (edited) Richard Lambert is sat to his left. Davlie Cameron has unveiled his panel of leading industry bosses who he says will help to shape the Government's economic policy http://news.sky.com/skynews/Home/Business/David-Cameron-Unveils-Business-Advisory-Group-With-Ratan-Tata-Sir-Howard-Stringer-Justin-King/Article/201010115749514?lpos=Business_First_Poilitics_Article_Teaser_Regi_0&lid=ARTICLE_15749514_David_Cameron_Unveils_Business_Advisory_Group_With_Ratan_Tata%2C_Sir_Howard_Stringer%2C_Justin_King And from the contents of his CBI speech their demands are total self interest and have few bounds. Edited January 24, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 24, 2011 Share Posted January 24, 2011 http://en.wikipedia.org/wiki/Corporatocracy "Corporatocracy" I like that, it just sums it all up. I'm thinking of changing my name. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 24, 2011 Share Posted January 24, 2011 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 Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 24, 2011 Share Posted January 24, 2011 I think CBI stands for Crony Business and Industry. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 24, 2011 Share Posted January 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 24, 2011 Share Posted January 24, 2011 (edited) 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 January 24, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
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