| FORUMS > The Sin Bin > The Budget 2012 |
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1000 new jobs to be created by GSK in Cubria following confirmation in the Budget that the Government will introduce a "patent box" to encourage investment in research and development in the UK.
www.independent.co.uk/news/busin ... 81006.html
Brilliant news, more of the same please. |
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1000 new jobs to be created by GSK in Cubria following confirmation in the Budget that the Government will introduce a "patent box" to encourage investment in research and development in the UK.
www.independent.co.uk/news/busin ... 81006.html
Brilliant news, more of the same please. | |
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| Quote: Ajw71 "1000 new jobs to be created by GSK in Cubria following confirmation in the Budget that the Government will introduce a "patent box" to encourage investment in research and development in the UK.
rlThey can start by interviewing this lotrl
Or any of the thousands of others that have been thrown out of work since they came to power
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| Quote: Mugwump "What makes you think it can?'"
Not a clue, but economies have before. People were jumping off buildings in the USA in 1929, but that country recovered.
Why do you ask that question? Do you think it won't? |
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rlRozzers to ballot on right to strikerl
This could be interesting for the "Law & Order party". Even Thatcher knew not to get on the wrong side of them
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| Quote: cod'ead "rlThey can start by interviewing this lotrl
Or any of the thousands of others that have been thrown out of work since they came to power'"
Please don't pretend Labour wouldn't have closed them too.
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| Quote: Ajw71 "Please don't pretend Labour wouldn't have closed them too.
Maybe GSK are simply rebalancing the redundancies they already made in their rush to offshore operations? |
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| Quote: cod'ead "Maybe GSK are simply rebalancing the redundancies they already made in their rush to offshore operations?'"
I sense you are a bit of a glass half empty kind of guy. Jobs are good, whatever side of whatever fence you sit on. |
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| Quote: Ajw71 "1000 new jobs to be created by GSK in Cubria following confirmation in the Budget that the Government will introduce a "patent box" to encourage investment in research and development in the UK.
Yeah ok, a huge company like GSK just decided, after weighing up all the factors and investigating all the costs etc, to make a major investment in the UK, less than 18 hours after the budget was announced.
Absolute rubbish. This was a decision that had already been made but obviously GSK had been persuaded to delay the announcement until after the budget. Since GSK hasn't said its because of this budget but because of the patent box that was mentioned in budgets since 2009.
No company makes a decision of that size and importance in 18 hours.
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| Quote: Him "Yeah ok, a huge company like GSK just decided, after weighing up all the factors and investigating all the costs etc, to make a major investment in the UK, less than 18 hours after the budget was announced.
Absolute rubbish. This was a decision that had already been made but obviously GSK had been persuaded to delay the announcement until after the budget. Since GSK hasn't said its because of this budget but because of the patent box that was mentioned in budgets since 2009.
No company makes a decision of that size and importance in 18 hours.'"
Good news though nonetheless ?
Isn't it ? |
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The CEO of GSK was interviewed on the Today programme on Radio 4 this morning and he was asked about the redundancies. He said that it's all a normal part of business and is mainly in the administrative side of the company, but, overall, with the 1000 new jobs, GSK [ishould[/i see a net increase in staff.
Hardly a ringing endorsement is it? And it certainly isn't the 1000 net new jobs the idiot Osborne seemed to be shovelling this morning.
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| Quote: Ajw71 "I sense you are a bit of a glass half empty kind of guy. Jobs are good, whatever side of whatever fence you sit on.'"
Indeed. However, if you bin off nearly as many jobs as you create then the net effect is rather less impressive. |
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| Quote: Staffs FC "Good news though nonetheless ?
Isn't it ?'"
Of course it is, it's great news. But let's not pretend it had anything to do with the 2012 Budget.
A little bit of research tells me that the current Chairman of GSK is Sir Christopher Gent, who aside from running the bastion of morality that is Vodafone and serving on the compensation committee of the board at Lehman Brothers that authorised the payout for its failed CEO, Dick Fuld, who received $34 m in 2007 and $40.5 m in 2006, was Chairman of the Young Conservatives in the 70's, served on the Tax Reform Commission established by the then Shadow Chancellor. Three guesses who that was? 
Oh and he's donated over £140,000 to the Conservative Party over the last few years.
But then it could all just be a co-incidence... |
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| Quote: Kosh "Indeed. However, if you bin off nearly as many jobs as you create then the net effect is rather less impressive.'"
And if you work to ensure that wages in general are decreasing (apart from for those at the very top) then you illustrate utter economic illiteracy and also an abject inhumanity. |
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| Quote: Ajw71 "Please don't pretend Labour wouldn't have closed them too.
The difference is under Labour they would not have had their ESA benefit stopped like the Tories have done. They would have still been able to claim. Under the Tories they would have one year on ESA and within that year they would have to either "get better" or find a job. At least Labour aren't as heartless as to leave them without any income whatsoever. |
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| Quote: Him "Of course it is, it's great news. But let's not pretend it had anything to do with the 2012 Budget.
A little bit of research tells me that the current Chairman of GSK is Sir Christopher Gent, who aside from running the bastion of morality that is Vodafone and serving on the compensation committee of the board at Lehman Brothers that authorised the payout for its failed CEO, Dick Fuld, who received $34 m in 2007 and $40.5 m in 2006, was Chairman of the Young Conservatives in the 70's, served on the Tax Reform Commission established by the then Shadow Chancellor. Three guesses who that was? ![]()
No I don't think it's coincidence either it was stage managed for the day after the budget. Everyone knows that.
The people who will be employed, or re employed, as a result of it wont be too fussed about about the timing of it or indeed the possibly dodgy history of the Chairman. They'll just be pleased to be in employment I should imagine.
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