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One-time Communist trade unionist speaks on capitalism

This being Deek Simpson of Unite. And he doesn't like it much:

"If you can’t regulated (sic) the bonus culture then tax it out of existence"

Righty-ho. The Masters of the Universe who make most of their scratch from bonuses rather than a salary will really take that one lying down. Two things will happen - firstly there will be a re-jigging of emoluments, and then capital, talent and an awful of taxable funds will be outta here in next to no time.

Now I expect the politics of emerald green envy from Simpson, but it gets sillier:

"Unite called for jobs to be protected in the Northern Rock crisis, sadly they were not and around 2,000 staff paid the price. In return for suspending the competition rules Lloyds TSB should be required by our government to develop a new business plan that includes the retention of current levels of staff".

Northern Rock is not even worth discussing as the bale out was based on little more logic than protecting MPs in the North East and the client vote in those parts. As to Lloyds-TSB-HBOS or whatever it ends up calling itself (1) (Lloyds is quite snappy), 'business plan that includes the retention of current levels of staff' will see the deal called off or else for LTH to be crippled and thus a target itself.


(1) It is getting as bad as 1980's ad agencies. My favourite being the unfortunate telephonists who had to trill 'Good morning, WCRS Matthews Marcantonio Della Femina Bell'

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