Wednesday, January 5, 2011

Apple vs the UK Government

I read an amazing fact about Apple yesterday. It is sat on cash reserves of $51 billion. Yes that’s right it has liquid assets of $51 billion dollars, which is approximately £32.73 billion pounds.

For comparison the UK government held net assets of $38.1bn in November 2010 of which only $701m was cash, so Apple has 72 times the cash reserves of the UK government. If it wanted to Apple could not just buy those 2 aircraft carriers that the MoD can’t afford but actually pay for its entire capital and operating budget for a year with a bit of change left over  to run the Energy and Climate change department.

Perhaps we should start taking economic advice on how to run the country from Steve Jobs.

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