Tuesday, June 14, 2011

Cutting back

Overheard ...

"So what's the size of the Army now?"
"Dunno – about 105,000".
"And what size does David Cameron want to cut it down to?"
"About 85".
"Nah ... 85".

He's got to pay for that foreign aid somehow. Needless to say, though, Guardian's content partner approves of all this largesse.

Then, of course, there's this: the Commonwealth Development Corporation is looking for an expert in banking or private equity to invest £2.5billion of taxpayers' money in an "anti-poverty" drive in developing countries.

The move follows the announcement that existing chief executive Richard Laing will step down early next year. He made headlines after pocketing almost £1million in salary and bonuses in 2007. Fellow executives at the organisation – owned by the Department for International Development – earned an average £435,000.

Well, it sure as hell sorted out their poverty.