We are shortly to enter the holiday season during which time we will find ourselves in somewhat of a limbo situation. At the same time the current financial inputs underscore the fact that the UK economy remains in a very fragile condition
Without question, the real effects of the cut-backs and general downturn in many people’s incomes will be felt most keenly in the first quarter of 2012.
The recent hike in utility charges ( up 22% in a year) will really bite from January onwards and a further downturn in consumer confidence appears likely. More and more will the mantra “heating versus eating” be heard.
Running any business against this background will provide challenges and there could not be a more pressing time to address the question of operating costs and the rigorous policing of stocks and Debtors.
If appropriate actions are taken now, companies should find themselves well positioned to ride out the inevitable storms.
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