Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | Sunday Times Rich List suggests UK's wealthiest defy recession

You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > General Discussion > Current Affairs

Sunday Times Rich List suggests UK's wealthiest defy recession
Reply
 
Thread Tools
Old 29-04-2012, 11:25   #1
Maggy
The Invisible Woman
Cable Forum Team
 
Maggy's Avatar
 
Join Date: Jun 2003
Location: between Portsmouth and Southampton.
Age: 71
Services: VM XL TV,50 MB VM BB,VM landline, Tivo
Posts: 40,159
Maggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden aura
Maggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden aura
Sunday Times Rich List suggests UK's wealthiest defy recession

http://www.bbc.co.uk/news/uk-17883101

Quote:
The UK's richest people have defied the double-dip recession to become even richer over the past year, according to the annual Sunday Times Rich List.
The newspaper's research found the combined worth of the country's 1,000 wealthiest people is £414bn, up 4.7%.
It means their joint wealth has passed the level last seen in 2008, before the financial crash, to set a new record.
Good luck to them...provided they pay their fair share of taxes of course.

However I'm not going to subscribe to the idea that all it takes is hard work and faith in yourself. It also takes a hell of a lot of luck to make a fortune from scratch.

http://www.thesundaytimes.co.uk/sto/...imes+rich+list
__________________
Hell is empty and all the devils are here. Shakespeare..
Maggy is offline   Reply With Quote
Advertisement
Old 29-04-2012, 12:40   #2
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,041
Hugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

'suggests'?

Weasel words - to paraphrase Yoda, 'are' or 'are not', there is no 'suggest'....

If they are, say so - if not, using 'suggest' is just trying to stir things up....
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it
.
If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote
Old 29-04-2012, 13:55   #3
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quelle surprise!

I doubt it's only the UK's rich who're getting richer either. I reckon the rich are getting richer across the globe under governments of all hues as we can see in places like India, China, Brazil and Russia.
Osem is offline   Reply With Quote
Old 29-04-2012, 14:06   #4
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,041
Hugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

From the Sunday Times article...

Quote:
After an 18% surge last year, this year’s successful assault on the previous record has been fuelled by sharp rises in the wealth of British-born entrepreneurs. They include the diamond retailer Laurence Graff, up £1,300m to £3,300m; Sir Anthony Bamford and family, up £1,500m to £3,150m thanks to outstanding results at their earth-moving machinery business, JCB; and Sir James Dyson, the inventor of the bagless vacuum cleaner, up £1,200m to £2,650m.
so the biggest rises appear to be due their businesses doing well - isn't this a good thing?
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it
.
If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote
Old 29-04-2012, 22:54   #5
mertle
Inactive
 
Join Date: Feb 2004
Posts: 2,134
mertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quads
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Hugh View Post
From the Sunday Times article...

so the biggest rises appear to be due their businesses doing well - isn't this a good thing?
yes it does but we have to check how profits been done.

If its selling more goods GREAT well done.

If its smashing wages and sacking staff then its a disgrace.
mertle is offline   Reply With Quote
Old 29-04-2012, 23:22   #6
Ramrod
[NTHW] pc clan
 
Ramrod's Avatar
 
Join Date: Jun 2003
Location: Tonbridge
Age: 56
Services: Amazon Prime Video & Netflix. Deregistered from my TV licence.
Posts: 21,946
Ramrod has a golden aura
Ramrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden auraRamrod has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by mertle View Post

If its smashing wages and sacking staff then its a disgrace.
The thing is that businesses aren't charities. A business has to survive in order to continue trading......so that it can make profit and thereby pay wages, pay taxes, keep or create jobs......which pay more taxes.
I am against businesses squeezing workers so that they can keep shareholders happy but I am equally dismayed at the current vogue of bashing businesses simply because they might be profitable and have to live in the real world (as opposed to a world of left wing success envy and muddled wishful thinking)
__________________
Step by step, walk the thousand mile road...
-----------------------------------------------------
Ramrod is offline   Reply With Quote
Old 29-04-2012, 23:39   #7
Fawkes
Inactive
 
Fawkes's Avatar
 
Join Date: Oct 2003
Location: Manchester
Age: 47
Services: VM: 120M Broadband, TV + Landline
Posts: 471
Fawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond repute
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Ramrod View Post
The thing is that businesses aren't charities. A business has to survive in order to continue trading......so that it can make profit and thereby pay wages, pay taxes, keep or create jobs......which pay more taxes.
I am against businesses squeezing workers so that they can keep shareholders happy but I am equally dismayed at the current vogue of bashing businesses simply because they might be profitable and have to live in the real world (as opposed to a world of left wing success envy and muddled wishful thinking)
Well said.

Businesses that are profitable don't close leaving all their staff unemployed.
Businesses that are profitable don't need bailing out, which is what got us into this mess in the first place.
Businesses become profitable when they are efficient, and provide products or services people want. So don't knock profitable businesses run by rich people, knock the ones that waste money then expect a handout from us.
__________________
'It's only when you look at an ant through a magnifying glass on a sunny day that you realise how often they burst into flames.' -Harry Hill
Fawkes is offline   Reply With Quote
Old 30-04-2012, 00:11   #8
Maggy
The Invisible Woman
Cable Forum Team
 
Maggy's Avatar
 
Join Date: Jun 2003
Location: between Portsmouth and Southampton.
Age: 71
Services: VM XL TV,50 MB VM BB,VM landline, Tivo
Posts: 40,159
Maggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden aura
Maggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden auraMaggy has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

What about highly profitable companies that move their production lines abroad to take advantage of cheaper pay rates abroad?it's not illegal and they have every right to do so but it's hardly ethical or moral.

I'm rather fed up by the idea that because a business is profitable that the owners are entitled to treat their workforce like crap.That anything goes in the pursuit of profit.Once you start thinking that it's a short step to treating those who work for you badly.
It's a mistake because you eventually end up with a workforce that doesn't trust you,will not put themselves out to work harder than they do already or to work above and beyond for the company.But of course why worry?There are more where they came from.

Also how many on that list actually earned the money.How many just inherited it?
__________________
Hell is empty and all the devils are here. Shakespeare..
Maggy is offline   Reply With Quote
Old 30-04-2012, 01:21   #9
mertle
Inactive
 
Join Date: Feb 2004
Posts: 2,134
mertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quads
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Maggy J View Post
What about highly profitable companies that move their production lines abroad to take advantage of cheaper pay rates abroad?it's not illegal and they have every right to do so but it's hardly ethical or moral.

I'm rather fed up by the idea that because a business is profitable that the owners are entitled to treat their workforce like crap.That anything goes in the pursuit of profit.Once you start thinking that it's a short step to treating those who work for you badly.
It's a mistake because you eventually end up with a workforce that doesn't trust you,will not put themselves out to work harder than they do already or to work above and beyond for the company.But of course why worry?There are more where they came from.

Also how many on that list actually earned the money.How many just inherited it?
Indeed thats way I think.

Not saying these three mentioned guilty of the following.

JCB shed 2000 jobs in recession 2010 how many he could overted sacking was questionable. He seems largely earned his because JCB expanded in other countries he by in large played fair to his uk workers.

However Dyson closed manufacturing side for in uk 2002 shipped it off to malysia.

http://news.bbc.co.uk/1/hi/england/2282809.stm

However he been feverent advocate to diminish labour rights . Though factory leases is good idea as agree 21 years is steep.

http://www.guardian.co.uk/business/2...factory-leases

Now not against all downsizing if companies cant clearly survive. Some uk firms downsized to pay bosses bigger wages. Someone cut to meet stupid unrealistic targets to shareholders. Whether later down to companies or shareholders doubt those who lost jobs care.

We need to instill to firms smaller profits are fine not expect forever big paydays as long no heavy loses. They should learn the value of there workforce. A happy workforce is productive workforce.

However many got drugged on the need to make massive targets of profit to meet it desperately is to sack the staff. The workforce pay price with wages or jobs to maintain unrealistic aims.

Its why outsourcing come about. Globalising of industries sadly once one outsources rivals got find there 12p hour slaves. We now seeing result this narrow mindedness the collapsing would not be shocked its part issue on economy failure. Poor wage, lack of sales. However they following at moment the gravy of emerging markets. What happens when they consume those turn predominent countries into third world.

Loyal workforce dont mean anything to modern business ethnics of greed..
mertle is offline   Reply With Quote
Old 30-04-2012, 05:00   #10
Fawkes
Inactive
 
Fawkes's Avatar
 
Join Date: Oct 2003
Location: Manchester
Age: 47
Services: VM: 120M Broadband, TV + Landline
Posts: 471
Fawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond reputeFawkes has a reputation beyond repute
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Maggy J View Post
What about highly profitable companies that move their production lines abroad to take advantage of cheaper pay rates abroad?it's not illegal and they have every right to do so but it's hardly ethical or moral.
Ethics and morality only matter to most businesses then it starts to hurt their bottom line. But companies that are profitable can't just stand still or they will be quickly overtaken by the competition. If your competitor moves its call centre to India you could take the moral high ground and say you are supporting British jobs and hope your customers don't go to your now cheaper competitor. Or you could just switch too.
In the end it's the consumers that decide, and price is normally the deciding factor. That's not to say that quality and customer service aren't important too.

Quote:
Originally Posted by Maggy J View Post
I'm rather fed up by the idea that because a business is profitable that the owners are entitled to treat their workforce like crap.That anything goes in the pursuit of profit.Once you start thinking that it's a short step to treating those who work for you badly.
It's a mistake because you eventually end up with a workforce that doesn't trust you,will not put themselves out to work harder than they do already or to work above and beyond for the company.But of course why worry?There are more where they came from.
You have the answer already, companies the treat their staff badly will have a less productive workforce. Therefore companies that treat their staff well will have a competitive advantage in the long run provided they get the other aspects of their business right.

Quote:
Originally Posted by Maggy J View Post
Also how many on that list actually earned the money.How many just inherited it?
Rich people get rich by providing something lots of people want or they inherit it from some who did.
Richard Branson didn't put a gun to my head when I signed up for broadband.
So he gets a tiny percentage of the money I pay each month, I get broadband and lots of people get employed in-between.
__________________
'It's only when you look at an ant through a magnifying glass on a sunny day that you realise how often they burst into flames.' -Harry Hill
Fawkes is offline   Reply With Quote
Old 30-04-2012, 07:56   #11
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,041
Hugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Maggy J View Post
What about highly profitable companies that move their production lines abroad to take advantage of cheaper pay rates abroad?it's not illegal and they have every right to do so but it's hardly ethical or moral.

I'm rather fed up by the idea that because a business is profitable that the owners are entitled to treat their workforce like crap.That anything goes in the pursuit of profit.Once you start thinking that it's a short step to treating those who work for you badly.
It's a mistake because you eventually end up with a workforce that doesn't trust you,will not put themselves out to work harder than they do already or to work above and beyond for the company.But of course why worry?There are more where they came from.

Also how many on that list actually earned the money.How many just inherited it?
According to the Sunday Times, under 25% is 'inherited'.
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it
.
If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote
Old 30-04-2012, 08:54   #12
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Ramrod View Post
The thing is that businesses aren't charities. A business has to survive in order to continue trading......so that it can make profit and thereby pay wages, pay taxes, keep or create jobs......which pay more taxes.I am against businesses squeezing workers so that they can keep shareholders happy but I am equally dismayed at the current vogue of bashing businesses simply because they might be profitable and have to live in the real world (as opposed to a world of left wing success envy and muddled wishful thinking)


Oh my, the usual suspects blindly bashing business again. What a turn up for the books eh?

How many of them have ever run a business do you reckon?

Easy to bash shareholders too, when without them there'd be precious little business. Most of us are shareholders directly or indirectly via our pension funds and returns do vary quite a lot but of course the usual suspects ever take note that owning shares is a risky business and the dividend returns are linked to performance and go down as well as up.
Osem is offline   Reply With Quote
Old 30-04-2012, 12:14   #13
mertle
Inactive
 
Join Date: Feb 2004
Posts: 2,134
mertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quads
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Osem View Post


Oh my, the usual suspects blindly bashing business again. What a turn up for the books eh?

How many of them have ever run a business do you reckon?

Easy to bash shareholders too, when without them there'd be precious little business. Most of us are shareholders directly or indirectly via our pension funds and returns do vary quite a lot but of course the usual suspects ever take note that owning shares is a risky business and the dividend returns are linked to performance and go down as well as up.
Nobody against shareholders what I am against those who expect dividends to come there way even in downturn. Only way to do so would be to downsize workforce to pay the dividend.

You rightly say its risk so risks it should be if company fails its targets of sales then shareholders should not expect money coming there way.

Priority should be company first, workers pay mean those who make production, shareholders, finally then bosses pay.

Businesses can be run well or run badly I not saying they all bad.

However we seem to gone into global atitude workers are slaves rather valued workers.

Now there many still out there who treat workers fantastic.

What we seeing too much distribution wealth nobody denys rich there deserts but excessive wealth which we seeing globally will kill the economy.

Without people buying goods what will happen stagnation then depression.

The reason why people went to credit as pay freezes pay reductions. Some will say above lifestyle hang on with out that lifestyle economy bombs. So effectively many businesses will goto the wall.

Business need consumers buying goods but those consumers need jobs and real living wage to buy those goods.

Take one out of that circle means death to the economy.

If businesses dont employ enough jobs the government has to prop market with volume puplic sector workers.

If workers paid pittance there not enough disposable cash to buy goods. 1 alternative ie credit by banks loan market the other is government top ups tax credits. Third do nothing leave it rubbish wage.

However for third option you cant have housing utilities sky high. Standard living has to be bombed so there again disposable income to consume goods.

Now you can see we all need each other one becomes greedy bosses, business, shareholders, workers it collapses.

America had it right years ago they got nice balance why they went away from the restricted wealth god knows. It was there most economic upturn from depression.
mertle is offline   Reply With Quote
Old 30-04-2012, 14:25   #14
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,041
Hugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

But it's not that simple, mertle - as Andrew Sullivan said in yesterday's Sunday Times
Quote:
What Krugman doesn’t acknowledge, of course, is that piling up more short-term debt to restore growth is a luxury most countries cannot afford.

The US is blessed with a global reserve currency which, even in the direst periods, attracts investors and keeps the cost of servicing debt relatively low.
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it
.
If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote
Old 30-04-2012, 14:57   #15
Stuart
-
 
Stuart's Avatar
 
Join Date: Jun 2003
Location: Somewhere
Services: Virgin for TV and Internet, BT for phone
Posts: 26,536
Stuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver bling
Stuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver blingStuart has a lot of silver bling
Re: Sunday Times Rich List suggests UK's wealthiest defy recession

Quote:
Originally Posted by Ramrod View Post
The thing is that businesses aren't charities. A business has to survive in order to continue trading......so that it can make profit and thereby pay wages, pay taxes, keep or create jobs......which pay more taxes.
I am against businesses squeezing workers so that they can keep shareholders happy but I am equally dismayed at the current vogue of bashing businesses simply because they might be profitable and have to live in the real world (as opposed to a world of left wing success envy and muddled wishful thinking)
The problem is the a lot of businesses squeeze their workforces to the point where customers suffer.

Take my local Sainsburys. They installed self service checkouts apparently to improve customer service. When used properly, they do. However, at my local Sainsburys they frequently only have the cigarette counter and the self service checkouts open. The problem with this (for the customer) is that neither is designed to deal with trolleyloads, with the result that you often get a situation where one person is having to use one self checkout, and is blocking another with their trolley. I am aware that not all Sainsburys stores do this, but I am also aware that Sainsburys is currently reporting massively increased profits.

In essence, Sainsburys (like a lot of companies) are putting increased profits above service. They seemingly aren't willing to take the chance that improving the service may well improve sales, and therefore profits.

Now, I am not naive enough to think that increasing the number of staff will alway increase profits. It doesn't, and you just end up with staff standing round doing nothing, which is neither profitable or good for the company image. They need a balance though.

I think the problem is (and the reason these companies are being criticised) that a lot are replacing UK staff either with machines (in the case of the supermarkets) or with call centres in other countries, or just closing branches, complaining about costs, all while reporting record profits, and, in a lot of cases, record salaries and bonuses for those in charge.

Yes, the companies need to be profitable, but they don't need to report record profits every year, and on the flip side, the economy really needs at least some of the people being affected by this to have jobs.
Stuart is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 21:08.


Server: osmium.zmnt.uk
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.