interestrateripoff Posted October 25, 2015 Share Posted October 25, 2015 http://www.independent.co.uk/news/uk/politics/lord-heseltine-says-now-is-as-good-a-time-as-any-to-be-made-redundant-while-speaking-about-british-a6708416.html Lord Heseltine, the former Deputy Prime Minister and an economic adviser to David Cameron, has claimed that now is “as good a time” as any to be made redundant. Speaking about the Government’s decision not to do more to save the British steel industry, which has shed 3,500 jobs in recent weeks, the Tory peer said many new jobs were being created, which he described as a “very exciting” feature of the current economic situation. However, his remarks were condemned by Labour and union leaders. Anna Turley, MP for Redcar – where the SSI steel plant closed with the loss of 1,700 jobs – tweeted that his remarks were “disgusting” and showed his party were the “same old Tories”. Speaking to Sky News, Lord Heseltine suggested the Government could do little to save businesses in trouble. “If you ignore market forces the chances are that you will have an industrial strategy based on supporting yesterday’s industry,” he said. “The market is unstoppable and invariably it wins. There is an over-supply of steel and so trying to sustain individual plants is a very expensive and questionable activity. “Very painful for the people who suffer but, on the other hand, if you are going to lose your job this is probably as good a time, because the number of new jobs in the economy today is one of the most exciting features of this economy compared with many others.” I didn't realise so many jobs were being created in Redcar to absorb the job losses.... Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted October 25, 2015 Share Posted October 25, 2015 (edited) deleted Edited October 25, 2015 by oldsport Quote Link to comment Share on other sites More sharing options...
dgul Posted October 25, 2015 Share Posted October 25, 2015 http://www.independent.co.uk/news/uk/politics/lord-heseltine-says-now-is-as-good-a-time-as-any-to-be-made-redundant-while-speaking-about-british-a6708416.html I didn't realise so many jobs were being created in Redcar to absorb the job losses.... Well I suppose he is right in a kind of twisted way - things would have been worse 30 years ago if 20% of the workforce had been made redundant - but by killing the industry they can now close down entire plant with only the loss of a few thousand jobs. But of course, if you are one of the few thousand affected then the comments are offensive and he is insensitive to be even thinking of saying them at this time. Quote Link to comment Share on other sites More sharing options...
billybong Posted October 25, 2015 Share Posted October 25, 2015 So many self employed tax creditors and benefiters (entrepreneurs ). He's deluded and that's no surprise but he's also trying to get other people on the bandwagon of delusion. Maybe a disguised voiceover when he speaks would be appropriate. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted October 25, 2015 Share Posted October 25, 2015 (edited) Some small word replacements: Speaking to Sky News, Lord Heseltine suggested the Government could do little to save banks in trouble. If you ignore market forces the chances are that you will have an industrial strategy based on supporting yesterdays industry, he said. The market is unstoppable and invariably it wins. There is an over-supply of financial services and so trying to sustain individual banks is a very expensive and questionable activity. Sounds ridiculous now doesn't it? Edited October 25, 2015 by Bear Goggles Quote Link to comment Share on other sites More sharing options...
billybong Posted October 25, 2015 Share Posted October 25, 2015 (edited) Seeing as he's volunteering what's Heseltine's redundancy payoff. Nothing would be generous. Like a lot of the others surperfluous already so trying to sustain them is a pretty expensive and questionable activity. Painful for them of course but they could always form a troupe and earn money as comedians in theatre (never a better time) - and there's always the more than generous taxpayer benefits they've allocated themselves already of course. Edited October 25, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
EUBanana Posted October 26, 2015 Share Posted October 26, 2015 Euro-Hezza has been redundant for a very long time, I suspect he's somehow still getting paid though. Quote Link to comment Share on other sites More sharing options...
anonguest Posted October 26, 2015 Share Posted October 26, 2015 http://www.independent.co.uk/news/uk/politics/lord-heseltine-says-now-is-as-good-a-time-as-any-to-be-made-redundant-while-speaking-about-british-a6708416.html I didn't realise so many jobs were being created in Redcar to absorb the job losses.... Perhaps not in Redcar. These people are expected to "get on their bikes...." Quote Link to comment Share on other sites More sharing options...
hp72 Posted October 26, 2015 Share Posted October 26, 2015 His reference to "if you ignore market forces..." Seems crass when taken in perspective of housing market intervention. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted October 26, 2015 Share Posted October 26, 2015 now looks like a terrible time to be made redundant especially from an industrial field. we have a very severe recession in manufacturing/heavy industries. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 26, 2015 Share Posted October 26, 2015 refreshing in a way to see a Politician who doesnt care about offending a few people. Quote Link to comment Share on other sites More sharing options...
olde guto Posted October 26, 2015 Share Posted October 26, 2015 FFS. Maybe they can spend their redundancy money on deposit for a nice BTL? I received enough redundancy letters over the years to know there's never a good time to be made redundant because of the turmoil it creates in your life. However, the least worst time is when the economy is really growing as opposed to the zombie economy we have now being "kept alive" by QE, low-IR and HPI. Quote Link to comment Share on other sites More sharing options...
richc Posted October 26, 2015 Share Posted October 26, 2015 (edited) People always go on about the 1%, and the influence and wealth they hold. But it is the smaller group of 0.01% and probably smaller that are totally detached from any kind of reality. The royals, wealthy hereditary aristocrats where an ancestor in Norman times bumped of a rival and was rewarded, so many politicians, the super rich. They shake our hands patronisingly as they pretend to be "men/women of the people", but in reality they go back to their stately homes only linked to others of their kind as they live their privileged lives backed up by a system that has for at least centuries been designed to allow their lives to continue in the way that it does. When they come out with crass statements such as this it just shows their complete lack of respect for us as complex individuals and communities. We are just serfs, units of pieces they can just move around with no concern for our social or spiritual well being and traditions. They can only get a slight understanding of what it is like for most of us when they use their influence in the media to tug at our heartstrings as they are having to move out of their ancestral stately home where they have lived for hundreds of years, or some selective private school is about to shut or a wind farm is being built 15 miles from their expensive Cotswold retreats. Yes, they can just move into another job just like that, they can just change their lives, just move on from people they know, go to knew areas, THEY CAN JUST.... !! So the wealthy in Britain are so bad that you think the British taxpayers should instead be subsidizing Thai billionaires by paying them to run a redundant steel mill in the UK? Back to the real world here, how did this business make any sense whatsoever? Shipping a very basic commodity product from the UK to South-east Asia, when the target market is right next to the biggest, low-cost (probably below-cost, in reality) producer in the world. The writing has been on the wall for a good decade that the days were numbered for this plant. If the workers weren't making a back-up plan, then, really, they're complete fools. Edited October 26, 2015 by richc Quote Link to comment Share on other sites More sharing options...
Greg Bowman Posted October 26, 2015 Share Posted October 26, 2015 So the wealthy in Britain are so bad that you think the British taxpayers should instead by subsidizing Thai billionaires by paying them to run a redundant steel mill in the UK? Back to the real world here, how did this business make any sense whatsoever? Shipping a very basic commodity product from the UK to South-east Asia, when the target market is right next to the biggest, low-cost (probably below-cost, in reality) producer in the world. The writing has been on the wall for a good decade that the days were numbered for this plant. If the workers weren't making a back-up plan, then, really, they're complete fools. +1 Which is why many car and motorcycle manufacturers have their more basic 'dirty processes' performed in plants in South East Asia, also hasn't Heseltine created one or two jobs along the way through Haymarket the company he founded so not really a typical toff if at all Quote Link to comment Share on other sites More sharing options...
sikejsudjek Posted October 26, 2015 Share Posted October 26, 2015 (edited) Amazing how all these Tory 'economic' advisers love state run industries in other countries but hate any state involvement in ours. This will ensure that when the debt mountain secured against property collapses we will be left without enough infrastructure. The real reason for their hatred of state ownership is that it restricts their divine right to act as parasites living off the work of others. Private debt created against inflated assets is a far bigger problem than public debt. With zero interest rates now is the time to get the economy going with more house building - which is fiscally positive. Edited October 26, 2015 by sikejsudjek Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 26, 2015 Share Posted October 26, 2015 Hezza should have claimed the mantle 'Lord Greystoke' when he was booted upstairs. Opportunity missed. Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 26, 2015 Share Posted October 26, 2015 (edited) +1 Which is why many car and motorcycle manufacturers have their more basic 'dirty processes' performed in plants in South East Asia, also hasn't Heseltine created one or two jobs along the way through Haymarket the company he founded so not really a typical toff if at allAgreed. Only issue is whether those who've been steel workers for life and now in their fifties have transferable skills and attitudes to move into the opportunities in their vicinity. Heseltine is basically right on a society level, but there will be individual tragedies of people who really have worked all their life, paid in all their life, and the social security contract should be there to cushion them at this stage. Edited October 26, 2015 by Si1 Quote Link to comment Share on other sites More sharing options...
Greg Bowman Posted October 26, 2015 Share Posted October 26, 2015 Agreed. Only issue is whether those who've been steel workers for life and now in their fifties have transferable skills and attitudes to move into the opportunities in their vicinity. Heseltine is basically right on a society level, but there will be individual tragedies of people who really have worked all their life, paid in all their life, and the social security contract should be there to cushion them at this stage. I was agreeing with the wider comment Si1 re the economics of it all, on a personal level horrible for many decent men and women who deserve help which is why surely the shouldn't be any debate about the need to reform tax credits/the abuse of the NHS/motability and the disability allowance culture so people who have paid in get the help they need when they need it Quote Link to comment Share on other sites More sharing options...
PopGun Posted October 26, 2015 Share Posted October 26, 2015 Some small word replacements: Sounds ridiculous now doesn't it? He he Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted October 26, 2015 Share Posted October 26, 2015 Perhaps not in Redcar. These people are expected to "get on their bikes...." Remember when the bankers were all going to move to Dubai if we let the banks go under? That was used as an excuse not to allow market dynamics to take place - bankers were offering to 'get on their bikes' and we said - No! When it comes to government rhetoric about the steel industry - banking is the mammoth in the room. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted October 26, 2015 Share Posted October 26, 2015 (edited) Michael Hesltine is 82 years old and signs on the most exclusive dole office in the world, the House of Lords. I suppose if you get given a peerage redundancy is not too hard to bear. Edited October 26, 2015 by stormymonday_2011 Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted October 26, 2015 Share Posted October 26, 2015 Remember when the bankers were all going to move to Dubai if we let the banks go under? That was used as an excuse not to allow market dynamics to take place - bankers were offering to 'get on their bikes' and we said - No! When it comes to government rhetoric about the steel industry - banking is the mammoth in the room. Yes. Imagine the Chinese setting up international clearing banks, finance houses, etc that could undercut the City and make banking cheaper for all. I'm sure Michael and Javid would be saying "Tough luck" to the city workers .... find a job in Pret/Eat etc.... They really are hypocrites who fight little for Britain's industry or its interests. Only their own narrow class and their friends. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted October 26, 2015 Share Posted October 26, 2015 Yes. Imagine the Chinese setting up international clearing banks, finance houses, etc that could undercut the City and make banking cheaper for all. I'm sure Michael and Javid would be saying "Tough luck" to the city workers .... find a job in Pret/Eat etc.... They really are hypocrites who fight little for Britain's industry or its interests. Only their own narrow class and their friends. Yep. Add to that the fact that we are guaranteeing the Chinese a minimum price for nuclear power, yet letting them dump steel on us, undercutting our steel industry. So remind me again - is price-fixing good or bad? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 26, 2015 Author Share Posted October 26, 2015 Michael Hesltine is 82 years old and signs on the most exclusive dole office in the world, the House of Lords. I suppose if you get given a peerage redundancy is not too hard to bear. I would readily accept that form of redundancy where do I sign up? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 26, 2015 Author Share Posted October 26, 2015 Yep. Add to that the fact that we are guaranteeing the Chinese a minimum price for nuclear power, yet letting them dump steel on us, undercutting our steel industry. So remind me again - is price-fixing good or bad? Please don't ask awkward questions, it seems you need to visit the nearest Ministry of Truth education centre to correct your reveloutionary thought. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.