Thursday, March 01, 2012

ECONOMIC REALITY

Many workers may imagine in the present economic downturn all the news is bad, but it is not all doom and gloom. "The world's largest advertising group, WPP, has reported record profits, and says events such as the Olympics should boost business this year. Pre-tax profits were £1.008bn in 2011, up 18.5% on the previous year, with revenues topping £10bn." (BBC News, 1 March) The truth is that even in the worst economic times sections of the owning class keep coining it in. RD

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