PwC's UK Chairman Backs Britain's New Spending Cut Plan

Wednesday, June 09, 2010 , , 0 Comments

Do you want to call that a plan? Let's keep this in perspective: things are pretty ugly in the UK, uglier than new members of government thought it would be (like the head of Treasury who may have outed himself just to get the hell out of there).

Either way, PwC's UK chairman is totally into it:

Speaking on Jeff Randall Live, PWC chairman Ian Powell praised the coaltions approach to the UK economy.

"I think the Government started in completely the right way, which is the same way that we would in the private sector," he said.

"When we look at our own business, and private sector businesses have to renew every few years, so government is in exactly the same position."

His comments came after the Prime Minister warned that the Government's deficit was "even worse" than thought - and the cuts needed to tackle it would change everyone's way of life.

Video here if you really nerd out on this sort of thing.

Completely related thought: could the UK's rat problem be breeding the next Black Plague? Be careful with those spending cuts, kids, and be cautious believing anything PwC says, they also signed off on Colonial Bank's statements and we KNOW what happened to those.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.