Member Info for Trustfund

Another good thing apart from the police being the best reference for data security is that it looks like it will be serviced by homeworkers.

I don't know about you but if I was semi retired living somewhere nice (OK I am, but anyway) I wouldn't mind £30k to talk to people about an interesting subject like fraud. I could genuinely see myself doing that. It looks like Jon Lewis has played an absolute blinder in going for this kind of contract for work from home and Capita has the credibility to win the business.

That is excellent all round, particularly for staff retention and quality.

Yes it's also London based so a very good demonstration location.

The problem is that in many of our minds this company has been atrocious at winning new public sector business especially during covid.

The chancellor of the exchecker announced today:

"The review, to be carried out by John Glen, the Chief Secretary to the Treasury, will challenge the public sector on how to do more for less.

It will consider greater digitisation, more use of artificial intelligence, better use of property and ways to work with the private sector."

I would much rather pick up the phone to the chancellor than argue with the three nut cases on this site, which is why they are filtered out.

It's clear that the long-term destruction of value in this company has driven many investors mad quite literally. They are reduced to seeking validation on this board. I am down a few quid myself like many many others but I blame my own stupidity rather than thinking that the CEO is out to get me.

"Jeremy Hunt: Slash state or austerity will return

The chancellor will call for Whitehall to make permanent productivity savings

The chancellor will call for Whitehall to make permanent productivity savings

TOLGA AKMEN/EPA

Oliver Wright, Policy Editor

Saturday June 10 2023, 12.01am, The Times

Jeremy Hunt will call next week for a permanent reduction in the size of the state to fund tax cuts, warning that the public sector has grown “too big” compared with the size of the economy.

The chancellor will use a speech to the Centre for Policy Studies think tank to point to figures showing that government spending accounts for 45 per cent of Britain’s GDP, up from 35 per cent at the turn of the century.

He will call for Whitehall to make permanent productivity savings to allow cash to be freed up to pay for tax cuts rather than a return to austerity. Treasury sources pointed to figures showing that while productivity in the private sector had bounced back to 1.3 per cent above pre-pandemic levels, productivity in the public sector remains 5.7 per cent below its 2019 level.

Hunt will signal major investment in government IT systems, pointing out that if productivity in the public sector improved by 1 per cent it would be enough to get the economy growing faster than state spending.

The move, first reported by the Daily Mail, is designed to signal to Tory MPs that he is committed to reducing public spending to fund tax cuts in the medium term. Hunt is under pressure to announce tax cuts in the autumn, but he fears that rising interest rates, and their effect on government borrowing, could make giveaways unaffordable.

He will signal the government’s determination to rebalance the state against the private sector, making the case that this is the only long-term, sustainable way to reduce taxation.

“Jeremy believes it is time to make the argument that the size of the state has grown too big relative to the size of the economy,” a Treasury source said. “No one wants a return to austerity, so we need to find a way of raising productivity in the public sector significantly in order to get more for less.”

The Times

In my experience customers are not stupid they will be looking for cost reductions before they've even been achieved.

How on earth do we get from 35 to 54, Merlin?

Ha ha!

Excellent feedback Culley.

Correct me if I am wrong (for the avoidance of any conceivable doubt that doesn't mean you NOBRAIN) this is good news isn't it?

You're the one who literally checked this gossip sheet instead of enjoying the sunshine :-)

Thanks for that important point Culley01. Since we haven't heard much new outrage in the press I rather assumed that no one is really suffering.

Previous overreaction to hacking and US issues resolved.

Or even my wife.

Some are never satisfied, ask my girlfriend.

Yeah, but it's not really about laughing other people's misfortunes.

On the other hand who asked them to criticise the mighty Capita?

Thanks for that helpful post TerryM1.

So we should be grateful that it has not plunged :-) :-)

I must say that even when we think about the present and the future this share tests patience.

I know the market is down a bit today but I was looking forward to a decent uplift on confirmation of inclusion in the FTSE 250.

Absolutely nothing :-(

I'm not sure this is the time for arguing about how useless our share is. In 20 minutes time we should have the right share price to get confirmed into the FTSE250 and we have some decent results coming at the end of August.

TerryM1, Ifeel your pain since I am down a lot as I mentioned and I can definitely appreciate your anger.

I still cannot grasp how the share declined to 20p.

However, I am still invested and am adding to my position because I do believe that the investor briefing by Helen Parris is likely to be truthful. She only mentioned the data breach in passing and gave the impression that all was well with a good future ahead.

A half billion pound contract after the data breach suggests that those who know are content to go ahead. I believe that others will take great comfort from that contract. The joy of Capita, if there is any, is the lack of competition. Now that the ridiculous amount of debt has been paid down I don't see why it should not become a nicely profitable business that can afford to turn down the wrong kind of work and to price properly going forward.

On top of all that is the move to AI. Whether we trust Capita to understand and implement that is a different question but a huge new opportunity is there, is it not?

I just checked this site when my phone could not get a signal so served pages from a while ago before I filtered the resident idiot. I thought the world had gone completely mad.