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    Richard - you ignore the many public sector cock-ups and the grossly inefficient manner in which it spend money.

    If it is the G4S issue to which you refer then this is a company that derives virtually all of its money from the public sector and is therefore a part of what has become known as the 'secondary public sector' as distinct from the private and public sectors. Perhaps the real root of their problem is in the Olympic organisers and/or the government dramatically under-estimating the number of staff needed for security when the contracts were originally awarded. That means the big mistake by G4S was last November when it agreed to get the extra staff needed in the time available.

    Incidentally, it is a lot easier to penalise or sack a secondary public sector firm for messing up than it is your own directly employed staff.

    Ultimately though it is only the true private sector that can win the business, create the wealth and grow the economy and government, with its high taxes, red tape and interference, only gets in the way of that.

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