October 9, 2008
Fresh from his success in demanding that the US Senate pass President Bush's $700bn financial bail-out package, CIPD chief beancounter John Philpott now has the Bank of England in his sights.
A jump in calls to the CIPD's legal helpline prompted Philpott to demand a big cut in interest rates to cushion the blow of rising unemployment.
Trouble was, his demands were made public late yesterday afternoon, several hours after the Bank had announced a half point cut in rates.
Guru thinks this means either Philpott's powers are in decline or, more likely, a pre-written press release scheduled to be sent out wasn't corrected.
Next week, Philpott urges Fabio Capello to play Wayne Rooney and Gordon Brown to conduct a cabinet reshuffle.
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