Next boss Simon Wolfson calls 4 efficiency gains over tax increases

[Mellijelli]

So its election day!! and Mr Wolfson who might have a role in the Tory administration if the party wins today's election, said that tax rises could well put brakes on the UK's economic recovery.

He said that "Over the next two years in one way or another the government has to plug a structural hole of around £90bn!!!!. That equates to around £3,000 per employed person in the UK. However that problem is solved, it is going to be a drag on the economy,"

Article here: Telegraph.co.uk (http://www.telegraph.co.uk/news/election-2010/7682657/General-Election-2010-Next-boss-Simon-Wolfson-calls-for-efficiency-gains-over-tax-increases.html)

He said that there will therefore be more job (http://www.careersandjobsuk.com//) cuts but that people will still be able to find more jobs :confused: UMMM WHERE MR WOLFSON??

[Dark Phoenyx]

Spending cuts can cause redundancies? Thats a bit hard to swallow when you think of how much the gvt used to waste. cutting that alone could be used to create jobs rather than axe more.

What i dont agree with is him saying people can always find more jobs. Clearly he doesnt read the newspapers or probably doesnt even watch the BBC. IF he did i dont think he would have made that comment at all.

[Mellijelli]

Obviously math was not his strong point, as if it was he would have realized that Recession + bad economy = unemployment which equates to no jobs :p

[Dark Phoenyx]

lol bet he never thought of that. true he musta been bad at maths. i no i am. :D but still could see that one.