CBI: UK Will Still Avoid Double Dip Recession
Posted: 14/06/2010 Filed under: Moving to London, UK Company Set Up, UK Taxation, Uncategorized, VAT | Tags: business, business concerns, corporate tax, corporation tax, recession, recovery, UK tax, VAT Leave a comment »Despite the dire talk coning from a lot of economic pundits and the way the government are talking up the ‘mess’ they have inherited, the CBI says Britain will still avoid a double dip recession. I think people understimate how important this is. Even with tax hikes in VAT and CGT predicted, the avoidance of the double dip specter is a huge plus.
I have a lot of customers who are involved in small business and other industries that rely directly on a healthy economy for their livelihood. I know we all do in some sense but for most of us it is a little more second hand. The news that a double dip is highly unlikely has small business celebrating.
The CBI, one of England’s most respected business organisations, also said that they expected the British economy to continue to grow this year, fuelled by the private sector.
They did have a warning for the new government though. They pointed out quite strongly that any over zealousness in the attempts to cut public spending would slow down the economic recovery. They acknowledge that borrowing needs to be brought under control but huge swathes of cuts was likely to be counterproductive.
I am not sure that the government is in any frame of mind to listen to these warnings.
Anaemic Recovery But No Chance Of Double Dip Recession
Posted: 02/04/2010 Filed under: Bankruptcy, Small Business | Tags: Bankruptcy, business concerns, double dip recession, recession, recovery, Tax, uk companies 1 Comment »After the week’s earlier blog on the number of businesses that were in dire fear of a double dip recession I decided to have a look around to see what other expert opinion I could find on the subject. I soon found an article in the Daily Mail that seems to set things out quite clearly.
According to them the well respected lobby group has quite strong opinions on the chances of this double dip recession thing that everyone seems to be talking about, and they consist of pretty much ruling it out while still not making great predictions about a speedy recovery.
Director general Richard Lambert said:
‘The economic outlook is improving, but the clear lack of a driver for growth will make for a bumpy ride in the months ahead.’
There are many other experts who agree with this type of view.The Item Club’s Peter Spencer has this to say
‘If the Chancellor is realistically going to get the public finances back on track a credible, detailed and more aggressive plan must be put in place…He must spell out how cuts are going to be made
All of this a little gloomy if not downright pessimistic but at least to spares us anymore talk of a double dip recession. Something that I, for one am very grateful for.
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Firms worried About ‘Double Dip’ Bankruptcy
Posted: 31/03/2010 Filed under: Bankruptcy, Small Business | Tags: Bankruptcy, business concerns, insolvency, recession, recovery, Small Business, uk companies, uk investments Leave a comment »The news I have come across lately in my travels around the internet have allowed me to be very optimistic and upbeat about Britain and its economic future and on the whole I do stand by that but I am always pulled up short by articles like the one I read this morning. It outlined the genuine worries of small business that a double dip recession would result in their bankruptcy as they are barely scraping themselves off the floor after the last one.
There is no clear evidence that a double dip recession is going ti happen or even, really, that it is likely, but the fact that it is a mere possibility has some small business owners gripped with fear of insolvency looming. A new survey by a leading insolvency body shows that nearly a third of small business consider this to a legitimate worry. many say such things as the struggle to stay afloat during the last dip has nearly exhausted them and a second dose would finish the job.
It is awful to see legitimate , hard working business people put in the position of bankruptcy by an economy failure. We are all desperately hoping that their fears are for nothing and we never see this ‘double dip’ recession.
If you are facing bankruptcy or even personal insolvency and could do with a plan and a sympathetic ear then get in touch with us here at St Matthew’s eAccounting. We are the experts in this area and can make sure everything runs smoothly for you.
Branding Britain is Not An Impossible Task
Posted: 03/02/2010 Filed under: Moving to London | Tags: recession, recovery, recruitment Leave a comment »Albert Ellis is a man on mission. He wants the whole world to see how wonderful Britain is in the same way he does. The recruitment specialist is responsible for making sure that the right people are attracted to the UK and he says he has no trouble selling the brand Britain even in these harsh economic times.
While the rest of moan about late trains and lack of gritters to clear the roads Mr Ellis is seeing the good in our beloved country and he reckons their is plenty of bright side to look on.
“Even if we think Tony Blair was tainted by the war and Gordon Brown has passed his best, the draw of Brand Britain still exists,” Mr Ellis says. “Brown is seen favorably by business people outside this country – far better than Hank Paulson.
He argues that we have a far more harsh view of ourselves than the rest of the world. People from countries such as Vietnam and India want to come to London to study because, he says, it actually increases their market value in their own countries.
he points out that the recession has not had anywhere near as big an effect on British employment as people had predicted. The specter of 3.5 million unemployed appears to have passed and though recruitment is not going through the roof things are starting to show signs of improvement.
As for the talent drain caused by the so called super taxes, Mr Ellis is not concerned. “London is a huge magnet for professional talent – people want to be relocated here or New York, not Dusseldorf or Frankfurt,”
I like the way this guy thinks. We could all do with a little more of his positive attitude and maybe a bit more gratitude for all the things this country does provide us with.
Britain Must Export Or Die
Posted: 26/01/2010 Filed under: Uncategorized | Tags: exports, recession, recovery Leave a comment »One of the UK’s foremost economic forecasters has released a very detailed report outlining their thoughts on the present recession and how it can best be fixed.
Among other thing Ernest And Young ITEM club ascertain that in order to reverse the effects of this current economic dip Britain needs to start selling to countries such as China. This, they state, is the is the only way that the UK stands a chance of promoting sustainable growth.
The group state, in no uncertain terms, that the British consumer is ‘crashed out’ and in no position to help spend the UK out of the recession. It is also deeply concerned by the prospect of the heavy dependence that Britain has on other countries economically speaking.
Peter Spencer chief economic adviser to ITEM has stated that the rest of the economy is relying on exporters to get out there and establish ties and trade routes with the tiger economies of the world. For many of these firms he says it will be a case of export or die.
The whole process should be boosted by the weak pound. I guess everything has a silver lining. So far the weak pound has not significantly improved our fortunes in the export stakes but that is put down to other economies suffering at the hands of the recession. Once global recovery is more firmly established many predict that trade with Britain will become irresistible.
Mr Spencer is counting the blessings of not being locked into the Euro, as ironic as that sounds. Even though the Euro has strengthened in relation to the pound the benefits of our own currency for trade are enumerable.
Hopefully our exporters are up to the task because from the sound of this there is an awful lot riding on their success.
