This from the man who insisted that the Co Op bank could be run by people with no knowledge of banking

What does concern me about the revelations from yesterday’s hearings is something much more basic. What is very clear from what has been said is that some people who really do not have the basic skill set to be company directors but hold that office nonetheless.

I suggest that this may well be because there is no test of competence to be a company director.

Candidly, consistency is simply neoliberal pendantry.

24 thoughts on “This from the man who insisted that the Co Op bank could be run by people with no knowledge of banking”

  1. I am wondering if Murphy is some kind of Man/Goldfish hybrid given the obvious lack of any internal consistency often within the same post let alone across the whole gamut of his output, as well as his short attention span.

    I haven’t heard anything more about ‘The Investment State’ touted here (Apologies for the link) http://www.taxresearch.org.uk/Blog/2016/05/18/the-investment-state/ Additionally the ‘Fair Tax Mark’ doesn’t even appear on Google news so dismally has it failed…..

  2. “Additionally the ‘Fair Tax Mark’ doesn’t even appear on Google news so dismally has it failed…..”

    Fair Tax Mark Limited’s first accounts (to Dec 2014) were finally filed in May 2016 but it costs £12 to download a copy and I can’t be bothered.

  3. Fair Tax Mark Limited is registered under the Co-operative and Community Benefit Societies Act 2014 which means they need to file their accounts at the FCA Mutuals Public Register within 7 months of the year end.

    And not one year and four months after the year end.

  4. Just when you think you’ve reached peak Ritchie, he says:

    “This, I think, is an idea whose time has come, even if I admit I have only just thought of it.”

  5. Bloke in Costa Rica

    Of course there’s a test of competence to be a company director. If your company goes tits-up, you were likely incompetent.

  6. “This, I think, is an idea whose time has come, even if I admit I have only just thought of it.”

    Glorious.

  7. Verily Murphy missed his true vocation.

    As a member of the Viz team of Bottom Inspectors.

  8. “This, I think, is an idea whose time has come, even if I admit I have only just thought of it.”

    This is made up, correct?

    It’s not real? It is not real.

  9. £ 15K of turnover and not a penny of corporation tax paid ? I think Hodge needs to investigate.

  10. That is the most Richiest of Richieisms that I think it goes beyond peak Richie and is peak Poe’s Law. It’s the very reason Murphy Richards gave up. Surely it can’t be long before Richie outs himself as a right-wing troll.

    Candidly, he sounds like my Aspergers afflicted brother, to whom the most important thing in the world is the thing he became interested in five minutes ago and will remain the most important thing in the world until he thinks of the next most important thing in the world in ten minutes time.

  11. John, thanks for the link. Extraordinary! There’s a whole lot of guff about paying the “right” amount of tax, and disclosing all relevant information for anyone to “appraise their tax position”. But the accounts are not audited. So surely anyone would be nuts to rely on these accounts for anything, wouldn’t they? Stonking hypocrisy!!

  12. Not just that Worzel, tax losses carried forward to set against future profits – surely an outrageous and flagrant intention to dodge tax in the future.

  13. Thanks John

    The accounts just keep on giving……

    Who are FTMs bankers? Unity Trust.

    Who have FTM given a FTM to? Unity Trust.

    Bit cosy?

  14. Bloke in Costa Rica

    “This, I think, is an idea whose time has come, even if I admit I have only just thought of it.”

    That’s the sort of thing most people, having written it and given it a once-over, emitting a shriek, deleting it with shuddering hands, looking over the shoulder to make sure no-one had been watching them type, decide that that is quite enough Internet for today and go and have a lie-down with a damp cloth over their eyes, marvelling at the narrowness of their escape. Only Murphy would think it was a good idea to actually publish it.

  15. Did he really write that? I refuse to visit the cretin’s site, even to throw shit at him.

  16. Isn’t this a little near the knuckle? I suspect our friend has been fisting his keyboard again.

    “You want unlicensed people with no qualification to do so to rim companies despite the very lathe obligations directors face
    I doing them a favour
    And respectfully, your protest males my case.</blockquote"

  17. I just checked. He did actually publish that remark.

    It’s like he actually [i]wants[/i] his head flushed down the toilet by the school bully.

  18. Either fair tax mark hasn’t worked out so he’s trying to conjure up another scheme or the fair tax Mark was supposed to land him some plum non-exec director jobs and they haven’t materialised so he is going to suddenly have the remarkable that retired accountants are perfectly qualified and should be added to boards to make up for the shortcomings of unqualified directors.
    Either way it’s about he can make money

  19. The Insolvency Service makes a point of having seriously incompetent directors disqualified.

    But Murphy wants to judge directors before anyone knows from experience whether or not they are competent.

  20. Perhaps people like Ritchie that call themselves directors when they run an LLP should be licensed instead.

  21. Andrew K:

    Wonderfully incoherent, vintage stuff, and the reference to unqualified people rimming companies wins gold.

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