“What would you think if you were forced to invest in a Company which always misses its targets, has unhappy owners and a huge unfunded pension deficit, has increased overheads in real terms for over a decade, has had negative cashflow for 20 years, can only make ends meet by both charging its customers more and borrowing more to pay the interest, cooks the books by missing out liabilities, has an appalling record on senior management expenses and an unqualified finance director of bizarre appearance?”

You’d be pretty pissed about it wouldn’t you?

Welcome to New Labour – if it was a Company, the Directors would be struck off…