Andy Haldane criticises firms for not prioritising profits,with money going to dividends instead of job creation or salary increasesBritish businesses are giving too much money to shareholders and not investing enough, the Bank of England’s chief economist Andy Haldane has said. He warned that firms were “eating themselves” by favouring shareholder dividend payouts over investing their profits.
That tendency, or Haldane said,was to blame for “subpar” growth in some economies, including Britain’s, and in recent decades.
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Source: theguardian.com