Business Owners Not Listening

Whilst the Bank of England and the Government continue to make predictions regarding the severity and likely length of this recession, many business owners have stopped listening.

It took the BoE & Govt a while to acknowledge a “credit crunch” and they avoided the term “recession” for as long as they could, not realising that the front line troops with businesses were saying “holy shit” months before any announcements were made to the media.

Mervyn King, the Bank’s Governor, has just said that the country was in a “deep recession” and that “it would narrowly avoid deflation”

In the Bank’s latest quarterly Inflation Report it said: “If reductions in official interest rates do not prove sufficient to meet the inflation target, policymakers still have other options available to them to stimulate the economy, if necessary.”

Don’t wait too long guys!

It’s getting to be a bloodbath out there.