The wonderful world of business

Waiting for the recovery? It will be a long wait with this lot!

Wonderful! Wonderful!
So with the Olympics over people who find sport boring won't remember who won what but might recall that it was G4S who caused a stir by making a mess of their contract to provide security staff for the Olympics and that compensating arrangements had to be made, such as calling in the army. One of the outcomes to all this was the head man at G4S, Nick Buckles, got told off by the Labour MP Keith Vaz, who chairs the Commons Home Affairs Select Committee. Now there is a certain irony here as one person whose recent performance fell short of acceptable is questioned by another who, in the past, had the same problem! The questioning of Buckles led to the ridiculous claim by Neil Woodford, an investment manager at Invesco Perpetual, that -

the aggressive response of MPs to the Olympics security shambles put recovery at risk by discouraging businesses to come to Britain --------- last month’s Home Affairs Select Committee meeting was like watching “a medieval persecution” ---------- if this is the way Parliament wants to treat business, please Parliament, don’t be surprised when businesses decide this isn’t the country for them,

What a stupid man!

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