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UK austerity programme is 'the envy of Washington'
Sir Martin Sorrell is upbeat about our economy.
Sir Martin Sorrell, founder of WPP, the world’s largest advertising company, wasn’t feeling too down as he left New York after a visit to the US this month.
With 2011 coming into focus, “for the first time in a long time you can feel bullish about the UK in the medium-term”, Sir Martin believes. “What the UK is doing is the envy of people in Washington.”
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8210571/WPPs-Sir-Martin-Sorrell-says-UK-austerity-programme-is-the-envy-of-Washington.html
Sir Martin Sorrell, founder of WPP, the world’s largest advertising company, wasn’t feeling too down as he left New York after a visit to the US this month.
With 2011 coming into focus, “for the first time in a long time you can feel bullish about the UK in the medium-term”, Sir Martin believes. “What the UK is doing is the envy of people in Washington.”
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8210571/WPPs-Sir-Martin-Sorrell-says-UK-austerity-programme-is-the-envy-of-Washington.html
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Yes - buy your pressies on Thursday. The shops will be getting desperate by then,:D
Don't tell Cameron we have any spare cash he will send it abroad
And this is precisely what I plan to do.
A good time to fill the freezer.
My large 24 hour Tesco superstore (about 5 mins from where I live) is open until 10pm on Christmas Eve - no doubt they will be massively discounting all their 'party' food as it will be past its sell by date before Boxing Day. Now that's the time to get a bargain - 9.45pm on Xmas Eve.:D
But if he's confident that business will be okay in this country and prosper then that means good news for workers at all levels.
Aha! Even better, a really late trip.:D
I love bargains.
Yes, thank goodness that advertising executives will be okay.
It's just a shame that care worker, cleaners, dustbin men etc. will have to bear the brunt of these cuts.
But as long as we've got advertising executives, we'll be ok.
I don't think advertising executives are generally paid by the state.
Under Labour they were.
Wasn't the UK Government the largest advertiser at one point during the recession? I certainly noticed a larger amount of government, NHS and local council advertising drivel on the local radio stations.
Don't worry - they're also shutting down lots of pointless quangos, and thus some highly paid quango executives and diversity councillors and similar non-jobs of that ilk will not be extracting money from the public purse.
Cliche cliche cliche
In 2008, the state was the biggest advertiser.
"We as a nation borrowed some £22.8 billion in November which comes on the back of poor figures in October too. If we compare this to a year ago then in November 2009 we borrowed some £16.7 billion so today’s number was up by £6.1 billion. Remember since then recorded economic growth and indeed inflation which should help these numbers have both been fairly strong so the figures are in fact even worse than they initially seem."
So we still have problems to deal with.
http://notayesmanseconomics.wordpress.com