Why should government subsidise large corporations?

Why should government subsidise large corporations?

Why should government subsidise large corporations?

First published in Letters by

PERHAPS Matthew Laverack takes exception to my comments (Letters, August 7) as I have placed his misleading assertions under the spotlight.

Yet again, he has produced no evidence to substantiate his previous comments that the introduction of the minimum wage was a prelude to higher youth unemployment.

As someone who worked in the private sector for more than 20 years, and has experience of running a business, I can concur however that running a sustainable business is challenging.

Nevertheless, while evidence-based claims are important, the evidence must be relevant.

To conflate the Zurich survey (which referred particularly to the difficulties SME organisations experience in securing financing, while acknowledging that most SMEs are feeling better about the risks they face) with the living wage argument (which the report did not refer to) is simply disingenuous.

Let us see if Mr Laverack and I can find common ground.

If we take larger supermarket retailers – Tesco, Sainsburys, Waitrose, Lidl, Aldi, Morrisons, Asda – as an example, does he think they should pay a living wage which supports an employee’s rights to be paid enough to provide their basic needs?

Or does he think that the Government should continue to subsidise these large corporations with tax credits and other benefit payments so that their shareholders can receive enhanced returns?

Richard Bridge, Holgate Road, York.

Comments (4)

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3:36pm Mon 11 Aug 14

roadwars says...

Well said Mr Bridge.
Well said Mr Bridge. roadwars
  • Score: 16

4:29pm Mon 11 Aug 14

The Great Buda says...

Mr Laverack does not like been proven wrong. Expect him to keep digging, er I mean replying.
Mr Laverack does not like been proven wrong. Expect him to keep digging, er I mean replying. The Great Buda
  • Score: 16

10:35pm Mon 11 Aug 14

Silver says...

Is it a fair comparision though? a SME is nowhere near the size of a national company and has nowhere near the cash reserves a national chain will have? SME's know that retaining staff is better for them in the long term as they actually know their staff personally whereas the CEO of Tesco will not be able to name every till worker in their stores.
You put a knowledge of your team against your team who manages xyz in various areas and more. You can't compare them properly it's like comparing a sunday pub football team against Man United
Is it a fair comparision though? a SME is nowhere near the size of a national company and has nowhere near the cash reserves a national chain will have? SME's know that retaining staff is better for them in the long term as they actually know their staff personally whereas the CEO of Tesco will not be able to name every till worker in their stores. You put a knowledge of your team against your team who manages xyz in various areas and more. You can't compare them properly it's like comparing a sunday pub football team against Man United Silver
  • Score: -11

3:45am Wed 13 Aug 14

Magicman! says...

Expect the low-payer-of-this-pa
rish to be banging out a reply as we speak...
Expect the low-payer-of-this-pa rish to be banging out a reply as we speak... Magicman!
  • Score: 12

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