Use the money you have to change your life..
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This will be a boom time for franchises as people being made redundant look to work for themselves. One business I am involved with reports over 2,000 people have registered an interest in owning and operating a franchise since November 2008. With thousands of people throughout the UK being made redundant and more facing the prospect [...]
Is it just me?
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I don’t know about you but I am starting to get the feeling that the consumer is not going to give in easily to the same pressures that have toppled some of the big and great banks and businesses around the world.
Wait; wait for it, it’s coming..
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Mervyn King says the rate of contraction could reach as high as 6% by the middle of 2009, compared to mid-2008. This following the statement here http://lesarmitage.com/2009/02/bank-says-that-the-uk-economy-will-decline-sharply only a few days ago. The BOE, which last week cut the interest rate to a new historic low of 1%, gave its clearest signal yet that it would need to resort [...]
Pre-Packs ought to be scrutinised for creditor loss
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More than half of British companies that are put into insolvency are the subject of pre-packaged administration; known as a “pre-pack“ A pre-pack allows for a company to be sold immediately after being placed in administration, sometimes just minutes after the order has been signed. What is means is: creditors lose out because they cannot question or [...]
Bank says that the UK economy will decline sharply..
In its latest forecast for economic growth and inflation, the Bank of England says that the UK economy will decline sharply in the first half of the year. The Bank forecasts the economy will shrink by 4% from mid-2008 to mid-2009. Restoring both lending and confidence will not be easy and will take time. The banks central forecast [...]
Head Bankers (bangers) or is there another word
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Good news, our Head Bankers have apologised! That will probably make it OK then; normal service will be resumed and everyone will feel safe and secure in the knowledge that it was just a simple miscalculation. Funny how that excuse didn’t work for my cash flow projections in the past! Lord Stephenson, the former Chairman of HBOS said “The fundamental [...]
