The UK Chancellor
was given some brief respite with, the Standard & Poor's (S&P)
agency saying that the UK will keep its top AAA credit rating.
It expects the British economy to pick up in the second half of this
year, despite a slip into recession earlier in 2012.
Following this came the announcement from leading economists that the UK
could suffer a triple dip recession next year citing the ongoing Eurozone
crisis as providing the tipping point.
As the UK government wrestles with its debt burdens
the only certainty is there is no silver bullet.
The all pervading sense of nervousness will continue to impact on all business sectors. The days of easy access to finance are long gone. Companies need to focus on their exposure at every level ranging from inventory levels, rate of stock turn and the integrity of the debtor’s book.
Operating in this current climate of austerity will provide the ultimate challenge for those managing companies, be it an SME or a large multi-national corporation.
The all pervading sense of nervousness will continue to impact on all business sectors. The days of easy access to finance are long gone. Companies need to focus on their exposure at every level ranging from inventory levels, rate of stock turn and the integrity of the debtor’s book.
Operating in this current climate of austerity will provide the ultimate challenge for those managing companies, be it an SME or a large multi-national corporation.
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