September 29th, 2011

Business Predators, Producers and Prattlers

It is the end of the month and the end of a quarter. Britain’s over-taxed small business owners will be worrying about cash-flow. Is there enough cash to make payroll at the end of the month? Will the bank extend the overdraft? Can they find the money for the quarterly VAT bill? Small businesses are the canaries of the economy, the job creators, fast to grow, fast to shrink.

Ed Miliband knows nothing about this, he has never had those worries, profiteering is not a good word for him, it is bad, despite profits bringing jobs and profits paying taxes to support the unproductive. He sits at the top of the table in a shadow cabinet that has not one member who has started or owned a for-profit business. That inexperience is why he prattles on incoherently about business predators.

UPDATE: Exception that proves the rule and it was a government supplier:

Flogs software to the public sector…


90 Comments

  1. 1
    Guardian journalist says:

    Guido

    We are predators according to Ed Milliband’s definition

    We live off income from hedge funds and investments and produce nothing

    Like

  2. 2

    This Government was responsible for putting the Structural systems in place to make UK Based Private Companies unable to compete Globally. The only successful businesses are the Quasi Private businesses that are run by the Knacker relations of Politicians propped up by our TAX.

    Like

    • 63
      LabLibCon Trick Shill says:

      Ah the beauty of third way corporatism, it’s the way forward, none of that messy free market capitalism stuff for us. What could possibly go wrong after all?

      Like

      • 77
        J R Hartley says:

        Didn’t the Millibands run a Property Business together?

        Oh no hang on that was just tax avoidance on their father’s death duty wasn’t it !!

        Like

  3. 3
    Billy Blofeld says:

    Miliband also fails to mention the Government Predators, who tax the crap out of people, raid their pensions and spend the proceeds on house flipping.

    Like

    • 14
      David Laws Lib Dem fiddler says:

      Spot on, do not forget the corrupt lobbying and second jobs. Hoon, Byers and co did not get punished when caught prostituting themselves.

      Like

  4. 4
    Tony Bliar is a complete cunt says:

    Ed is a complete arse, end of…..

    Like

  5. 5
    Tony "Persona non grata" Blair says:

    Guido

    I run a business

    I make millions for myself

    Influence peddling

    Does that not make me a real “producer” ?

    Like

  6. 6
    labourunionsbbc we are one says:

    Ah, but they did touch on it while at uni . . at which time they did meet some people who had experience of these things, err, that’s it.

    Like

  7. 8
    Ed the Axeman says:

    The biggest something for nothing is the government.

    For example, does Ed think that millionaires should get child benefit? No. So they want the tax income, but they don’t want to give anything back. Something for nothing, pure and simple.

    Government should borrow like mad and spend in order to get growth (in the public sector). So its short term that’s the priority, the long term can go to hell.

    Short termism by the Labour party. Good for them, not good if other people do it.

    Fucking hypocrites.

    Like

  8. 10
    Thuggie Whelan says:

    I am Ed Milliband’s friend

    I am a producer

    Of strikes…

    Like

  9. 11
    Terrible But True says:

    For future reference, and to save time, it may help simply to get a SPaD or 36 to fill out the following:

    ‘Ed Miliband knows something about:…….’

    Won’t take long, unless they all start squabbling about the unique value of PPE to…er… well, most of the Parliamentary composition.

    Like

  10. 12
    Cato Street Conspirator says:

    ‘… paying taxes to support the unproductive.’ In the way our taxes were taken to prop up the thieving banks do you mean? Barefaced robbery that left and right can agree should never have happened.

    Like

  11. 13
    Mandy Mandelson says:

    I am a producer Gudio

    I run yacht trips around the Mediterranean for doubtful oligarchs…

    Like

  12. 16
    Busker Watson says:

    I produce music on the streets of Liverpool

    Like

  13. 17
    Anonymous says:

    Thanks Guido, at least somebody is listening! You have just described my little business at the end of the month. Debtors taking twice as long to pay, bank unwilling to extend overdraft although they offered a loan at 13% and paying the VAT bill depends on a debtor paying up (2 months late) before Wednesday! We have a very successful business that could fail due to lack of cash. Politicians know nothing of the real world.

    Like

    • 35
      Cato Street Conspirator says:

      It looks as if the people who owe you money and the banks are the problem, not the Tory-LibDem government.

      Like

      • 44
        Sir William Waad says:

        They are part of an extraordinarily hostile social, economic, tax, financial and regulatory envrinment for productive businesses. Should you wish to open a brewery in Tehran, you would not encounter much more discouragement.

        Like

      • 48
        Pogo says:

        Oh dear… Caught hook, line and sinker by the politicians skillfully deflecting the blame from themselves to the banks.

        It’s a fair bet that “the people who owe you money” are in exactly the same position and can’t pay becasue they’re waiting on their debtors, and so on. The banks have been forced to improve their core capital positions and whilr they’re doing that thay have less available for loans. That said, they seem to have become quite frighteningly risk-averse, which disproportionately impacts small businesses.

        Like

    • 65
      Spartacus says:

      Why not get a loan from the government at 0.5 pct and offer other people money at 13.0 pct?
      That’s what the Banks do.

      Like

    • 82
      BruisedPilgrim says:

      Anonymous: I feel for you, my small business having been in the same predicament time after time. Large companies use me as their bank, pinching more and more credit, and there’s not a damned thing I can do about it.
      No UK government in my long business lifetime has EVER been interested in creating a level playing field between the little guy and big business (their sponsors, after all). It was bad before the credit crunch and it’s worse under this toady Coalition.
      Sorry to say it, but the only big organisations that pay me on time are in the public sector.

      Like

  14. 18
    Dr Giggles says:

    To be in the Labour shadow cabinet you don’t need business skills. Mental retardation is a help though.

    Like

  15. 19
    BobbyVajazzler says:

    Private sector employees are the devil, state employees are tireless angels working altruistically to save the world. How can this man lead the country when he doesn’t know where taxes come from?

    By the by, I work for a bank (albeit at a fairly low level). I’m getting mighty tired of hearing ‘bankers’ used by Labour in the same way that ‘lepers’ was in the middle ages.

    Like

    • 36
      Cato Street Conspirator says:

      I don’t thin anyone was talking about the workers in the private and public sectors. The bosses are the problem.

      Like

      • 46
        jgm2 says:

        Isn’t that all a little ‘Animal Farm’?

        I think post-war history has shown us that every fucker is equally culpable. The ‘workers’, the ‘worker’s representatives’, the politicians, and yes, the bosses.

        Like

  16. 20
    Historian says:

    Ed Milliband has just created a long slow train crash for himself

    He has never produced anything…and never will..

    Most of the Labour Party are just making or fiddling vast sums off the State or quangos…(or unions)

    Every time any Labour politican starts pontificating

    Just ask them

    What have you ever produced in your life ?

    Like

    • 37
      Cato Street Conspirator says:

      And Cameron produced what? Press releases?

      Like

      • 43
        Small businessman says:

        Britain has become a society of non-producers

        That is the problem…

        Like

      • 66
        Very Wealthy Windfarm Gentry says:

        I think you will find that Cameron is producing lots of taxpayer subsidy for his family members. Of course, it helps to have 10,000 acres or so in the family, to help the scam along.

        Like

        • 89
          Cammy says:

          Just seems funny to me to hear Tories going on about running a business when Cameron has only every worked for the Tory party….so never had even a real job, never mind running a business.

          Like

  17. 22
    The Observer says:

    Wonderful last night on radio 4 to hear Will Hutton’s incoherent diatribe in defence of Millipede and his speech, followed by John Moulton who totally demolished both him and Millipede with a few well chosen words.
    It is difficult to believe that Hutton and Moulton can work together on any initiative (as Moulton stated) when Hutton has not got one entrepreneural bone in his body.
    Perhaps Hutton is being mentored by a master?

    Like

    • 39
      Cato Street Conspirator says:

      Hutton’s wife is a property developer. I’m sure she’s told him all there is to know about rip-off capitalism.

      Like

      • 67
        Archer Karcher says:

        Property developer = rip off capitalist? Stupid lefty makes himself look a total twat once again. Some things just never change.

        Like

  18. 24
    Raving Loon says:

    I just hope that when people hear Eds Milliband & Balls that no-one takes them seriously. Governments as moral arbiters of businesses? I think not.

    Also, a Tobin tax increases market volatility as traders are biased in favour of fewer bigger trades to minimse their tax liability. Why is speculation itself a bad thing? Surely loose monetary policy creating credit booms is a bigger problem or is monetary policy a taboo topic now? Can we not criticise central banks or are markets always to blame?

    And who the hell let government spending rise to 50.1% of GDP?

    Like

  19. 25
    Cheeky chavvie says:

    Dear Ed’ll Fix it

    I can’t afford a pencil or bus journey. Please send me an iPad. I promise not to riot again this year. Poo to Cameron forever if you can do this.

    Like

  20. 26
    Sir William Waad says:

    Adam Smith made a useful distinction between ‘profit’ and ‘rent’. ‘Profit’ was the money that people made by producing goods and services, or increasing the value of other people’s goods and services, for instance by distributing them. ‘Rent’ was the money that accrues through mere ownership – not only rent of land, but also income from the ownership of other assets and from monopoly profits.

    Small businesses have to earn profits. Larger businesses, including banks, make a large part of their money in the form of ‘rent’, by owning or controlling assets such as money, buildings and brands.

    Socialists do not understand this, or the concept of added value, and muddle all kinds of profit together, attributing them to ownership of capital.

    Increasing the value of ‘rent’, for instance by bolstering asset prices, is unproductive and wrong. Somehow we need to re-balance towards the production of goods and services.

    Like

  21. 28
    Shaun Woodward says:

    I am a producer Mr Fawkes

    I married the Sainsbury supermarket chain…

    Like

  22. 29
    Jack says:

    Who were the clients of Liam Byrne’s e-Government solutions ?

    The government ?

    And he was with Accennture for years…also raking in millions from the Government

    Just as Rothschilds raked in millions for privatisation and PFI schemes…

    Hardly “producers”

    Like

  23. 30
    jgm2 says:

    Labour are the fucking predators.

    Looting money off businesses and individuals – with menaces – to hand out to their fucking client state. And to do up their latest apartment before flipping it and renovating another one.

    Like

  24. 32
    Rory Weal's dad. says:

    Here’s a guarenteed, cannot fail business plan.

    1. Buy a house to live in.
    2. Use that house as a cash machine, and buy another house.
    3. Charge extortionate rent to tenants
    4. Use the cash made to put down a deposit on another house.
    5. Charge extortionate rent to tenants to cover the mortgage and the next deposit.
    repeat steps 4 -5.

    It CANNOT fail.

    Next time this year, we’ll be miwyonaires!

    Like

    • 88
      HappyUK says:

      You’ve hit the nail on the head there. I was talking to a Chinese client t’other day who said this is exactly the kind of thing their government is frantically trying to clamp down on, since this is how bubbles are created and at the end of the day, no economic development is taking place, just shitheads trying to buy up all the space they possibly can in Shanghai, Bejing, wherever, and charge extortionate rents, thus forcing out ordinary folk and small businesses.

      They see the problem more clearly than our doddering dimwits and are doing everything they can to discourage this though mechanisms like fairer taxation and encourage start-ups, bio-technology companies, university spin-offs etc, cos at the end of the day it is these things that actually create the wealth.

      Like

  25. 41
    JH says:

    I got a snippy little late-night Tweet from SIR Michael White, after I suggested he makes his living writing propaganda for Labour.

    I’ve arrived.

    Like

  26. 48
    Billy Blofeld says:

    Does Miliband class this as predatory behaviour from Liam Byrne over his E-Government Solutions Shares:

    http://icbirmingham.icnetwork.co.uk/0100news/0100localnews/tm_objectid=17814946&method=full&siteid=50002&headline=byrne-s-share-link-with-firm-name_page.html

    Now renamed EGS Group they seem to have done very well out of public sector – odd that they say they are specialists in “Spend Management” when Liam was the bloke who left the note saying there was no money left.

    http://www.egsgroup.com/

    Like

  27. 50
    I hate Blue Labour says:

    Never mind running a business, many of them have never even had a job outside of politics or local government.

    Like

  28. 51
    glumbo says:

    Liam Byrne’s speech was the worst of the week in Liverpool.
    He deserves a prize for that.

    Like

    • 56

      Sarah Teather is still ahead in the competitive ‘Worst all conference speech 2011′ table.

      Like

      • 81
        The Cabinet Secretary says:

        Teather got a 2nd in Shovelling Shite and then failed a post grad course/got kicked out. She has never worked and never been employed by any business.

        What the fuck is she doing at the Labour party conference?
        Why is she in the government?

        Like

  29. 52
    baldermort says:

    e-government solution, no money left haha.

    Like

  30. 54
    Non believer says:

    Gweedo the prick currently in charge of the treasury has had one private sector job in his life, folding towels in Selfridges.

    The prick currently in charge of the country has only had a spell working in PR (a job he got as a favour to his mother in law).

    We’re fucked.

    Like

  31. 57
    non believer says:

    Guido the p.rick currently in charge of the treasury has had one private sector job in his life, folding towels in Selfridges.

    The p.rick currently in charge of the country has only had a spell working in PR (a job he got as a favour to his mother in law).

    We’re fu.cked.

    Like

    • 58

      We know they’re fucking pricks. You need to do something about your period (.) problem.

      Like

      • 60
        non believer says:

        you need to do something about your weirdly selective moderation as that post was modded until I added the excess punctuation.

        btw it’s a full stop, a period is something women have every month (or are you a yank?)

        Like

  32. 59
    Hang The Bastards says:

    At last these fucking clueless phoneys are being properly exposed.

    Collectively they have created Fuckall yet have managed to squander an entire nations wealth plus the future wealth of our generations to come.

    THEY WILL BE HELD TO ACCOUNT

    Like

  33. 83
    Kered Ybretsae says:

    Like to see some of these polit-clowns out there running a business. But they should be smart salesmen, they can all talk and talk. Only mostly the product they have to offer is pretty useless, and what they say is not that what they mean. They just Chunder on and on.

    Like

  34. 84
    Rupert my Hero says:

    It is a pity that few people will probably read this, but if reinforcement of Guido’s point of Labour not understanding small business, were needed, then one has to look no further than the little known piece of legislation that will be enforced come January.
    In short, the Emissions Control Regulations will see Diesel Vans made before 2002 having to pay £200 per day to operate in London.
    Government Policy has for years seen the encouragement of small business to move to wards Diesel engined commercial vehicles, in fact I understand that Ford are to stop making the Petrol version of the Transit over s certain size, an indication of small business being influenced by Political Will.
    If one stops to think for a moment, the benefits of this act are at best ” Minimal ” when one considers the stringent Ministry of Transport Test these same vehicles are subject to every year, nutty EU suggestions that will affect so many Small Businesses seem never to have been a consideration to Labour Livingstone when he introduced this unconsidered rubbish.
    Manchester residents were given the vote and turned it down, Londoners were given no such luxury by Red Ken… New Labour at its best, Communism at its worst.
    Own your house, well this has at a stroke made maintenance cost a who;e lot more, the small shopkeeper who uses a van once or twice a week to go to the Cash & Carry, Plumbers, Carpenters, Builders in General will be affected… and who will pay in the long run, yes the Home Owning Public and Small Business, so disliked by New Labour.

    Like

    • 87
      Rupert my Hero says:

      Classic Car Shows & Steam Fairs etc, that for years have entertained Londoners are looking to move out of the metropolis, outside the M25 ring to escape and thus depriving those who live here of Traditional Entertainment, that which the rest of Britain can enjoy. Charities, Good British Causes, a lifestyle of the past, Nostalgia, decimated at a stroke, Small Business will have to find extra finance at a time when things are exceedingly tough, both brought about by New Labour.
      This is being seen as the nail in the coffin of many Small Traders who are unfortunate enough to live or trade in London.
      Those who have to, will drive around the M25 thus avoiding Emission Charges, goods brought into us from the rest of the country will cost more to pay for transport upgrades ( a number of Lincolnshire Fruit Growers are looking for other markets) ……….. Guido…. please please give this Grievous Piece of Legislation some coverage… it is going to affect many at a time when we are trying to cope with years of Labour Mismanagement & Waste.

      Like

  35. 85
    Jimmy says:

    Thank heaven for all the business experience in the cabinet.

    Like

  36. 90
    Anonymous says:

    Apart from politics, student politics, political activism, trade unionism, teaching & lecturing, local government, law and the voluntary sector I make 5 of the 23 Shadow Cabinet members have had “proper” jobs:

    Rachel Reeves was an Economist, Business Planner and Analyst

    Liam Byrne worked for Accenture and N M Rothchilds & Sons and later co-founder of e-government solutions (the latter well after getting his feet under the table in Millbank)

    Margaret Curran and Tessa Jowell have held jobs in Community Work / Social Care.

    Tom Watson worked briefly as a Marketing Officer and Advertising Account Executive for ????

    But Vernon Coaker was a Deputy Head, so some management experience there.

    So 6/23 at a push have some sort of normal working life.

    I haven’t totted up the government but with Huhne the *anker, IDS and Fox’s military service, Cable the Economist and Hague the Business Consultant they can probably muster a few more real jobs than their shadows.

    In fact Huhne is quite a rare breed, meriting a section on wikipedia titled ‘Career before Parliament’.

    Like


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