"George Osborne has as much knowledge about economics as a stick of rhubarb"

Business quote of the day.

Osbarb. Photograph: Getty Images.

George Osborne has as much knowledge about economics as a stick of rhubarb.

Paul Kenny, general secretary of the GMB union, dismissing the chancellor’s plans to allow firms to draw up owner-employee contracts. These would give employees between £2,000 and £50,000 of shares, in exchange for giving up certain rights on unfair dismissal, redundancy and flexible working. The plans, primarily intended to support smaller, growth businesses, have been attacked by unions as a step backwards on hard-earned workers rights.