Wednesday, 7 January 2009

Why Labour's profit-before-people Britain is quite barmy...

News of more job losses on the High Street as Marks and Spencer announces 1200 jobs cuts and axing shops because it had a slow quarter... yes, not that it made a loss but that it's predicted to only make pre-tax profits in 2008-09 of £720 million! Profit before people, not very philanthropic during an economic crisis. Large, safe, high street institutions should be using their profits to shore up the high street, not dismantle it further. Perhaps if they spent a lttle less on advertising this year, they could keep those 1200 people employed, rather than adding them to the end of Labour's new credit-crunch unemployment line.

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