Recession is debt, period

May 10, 2009

What’s this recession about? In three words – debt, debt and debt. It’s about consumer debt, business debt and government debt. Consumers have had a wake up call and many have changed their lifestyles dramatically to cope. Businesses that were previously borrowing to finance growth – or worse still, to survive – have gone into survival [...]

Read the full article →

Fat Cat Pensions

May 8, 2009

The Royal Bank of Scotland (RBS) has announced a pre-tax loss of £44m for the three months to the end of March…..compared to a profit  of £479m for the same period a year earlier. So, doesn’t it make you feel sick when the fat cat execs argue that their pensions are an entitlement??!! Surely, they [...]

Read the full article →

Small Business Nightmare

April 25, 2009

Within just 48 hours of Alistair Darling presenting his budget forecasts, it was announced that the British economy shrank at the fastest rate in 30 years in the first three months of this year.  Official figures showed gross domestic product (GDP) fell by 1.9% between January and March – which is the sharpest quarterly decline [...]

Read the full article →

Small Business Recession

April 15, 2009

Seen on Martins MoneySaver Website…… Recession is when your neighbour loses his job. Depression is when you lose your job. Recovery is when Gordon Brown loses his.    

Read the full article →

Business Surgeries

April 15, 2009

BCC Business Convention :  A series of business surgeries will be running alongside the main Convention. Designed to make the Convention more accessible to small businesses they are free-to-attend and will offer practical advice for your business. The surgeries, 50 minutes in length, will be interactive sessions where you will meet industry experts and network [...]

Read the full article →

British Chamber of Commerce: Business Convention

April 15, 2009

Mervyn Davies, Minister for Trade and Investment, will be interviewed by the BBC journalist, Martha Kearney, on how the government is handling the recession at the British Chambers of Commerce’s Annual Business Convention. At the Convention, which will be held at the ICC in Birmingham on April 27, the Trade minister will answer questions on [...]

Read the full article →

Tough Love From Obama

March 30, 2009

Rick Wagoner – the chief executive of struggling US car giant, General Motors has been ordered to step down by US President Barack Obama. The auto task force appointed by Mr Obama released two reports on Monday on the financial health of both GM and Chrysler. The two firms have already received substantial bail-outs but [...]

Read the full article →

Markets still taking a hammering

March 3, 2009

Stock markets have again fallen worldwide, fired by concerns that turmoil in the financial sector is far from over. On Wall Street, the US Dow Jones index fell to 6,700  points for the first time since 1997. In the UK, the FTSE 100 index closed around 3500 -  a six-year low. Markets elsewhere in Europe [...]

Read the full article →

Business Light

February 14, 2009

One product that gives a ray of light in these gloomy times (forgive the pun) is energy-saving light bulbs. In the last three months of 2008, 12.3 million of them were sold in the UK, up from 8.9 million in the same quarter of 2007, an increase of 38.2%. Part of the reason may be [...]

Read the full article →

Small Business Nightmare?

February 12, 2009

The wide range of opinion regarding both the severity and likely timescale of this recession was illustrated yesterday with comments from the BoE, BCC and IOD. Take your pick who you run with….. BoE Governor, Mervyn King says “The slowdown could be deeper if the authorities at home and abroad are only partially successful in [...]

Read the full article →

← Previous Entries

Next Entries →