[Re: Useless PR has turned NatWest’s woes into a corporate nightmare, yesterday]
Having gone through James Hutchinson’s piece on the RBS computer failures, I was very surprised that all his attacks were directed on the person of Stephen Hester rather than the bank itself. I believe Hester has handled the situation in the best and most appropriate manner a chief executive could manage. It is those who are directly involved in the matter who must be sanctioned accordingly. Hester has simply tendered an apology for something terrible that has happened, and gone on to proffer how steps are being taken to put things right. I don’t see what else Hutchinson can possibly want.
Tax and trains
[Re: Falling tax receipts show that we’ve forgotten Laffer’s lesson, yesterday]
Art Laffer’s ideas beg the question of why it is right to maximise the tax take. Given that governments spend so badly, why should it maximise revenue? Why not minimise it?
[Re: It’s crazy that high speed rail will fail to integrate with our airports, Tuesday]
Mark Bostock’s argument makes sense in the current HS2 scenario, but he implies that the selection of an alternative route for connecting Heathrow is a solution to the lack of an integrated transport strategy. He fails to mention Crossrail, which will significantly improve the airport’s connectivity to London.
Rob Burton, independent transport consultant
If anyone knows someone in George Osborne’s office, can they tell them that to increase tax receipts they must drop rates.
Club Med wants the eurobond because it will allow them to keep spending at German interest rates. They want to cheat the market.
If the pay packets of top executives are high, shouldn’t the penalties they face for failure be high also? Take note, Stephen Hester.
Why must the coalition defend the fuel duty rise reversal? Labour’s position is opportunism.