You may need bank bridging finance if you were slow to make the adjustments, but that can be no substitute for controlling the losses. You cannot ask future customers to pay more for the product to pay for the subsidy you gave to current customers. They will not be prepared to do that. State loans can be an excuse to put off the necessary adjustment. They are also a massive diversion of top management time from tackling the reality that costs have to be slashed to survive in dreadful conditions like the present.
Monday, 22 December 2008
One fewer Tory Twat
A lone voice of reason in the Tory party is John Redwood, who for his consistent sensible position on financial matters makes me feel that he too, should be spared the piano wire and lamp-post solution:
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2 comments:
Just in case it comes to a balloon game, we should have a list of those MPs who have earned a place in the basket. You could give New Year awards.
JR sometimes gets muddled on the finer detail, but at least he is brave enough to put on his thinking cap in public and respond to comments.
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