Wednesday, February 13, 2013

COLUMN: Neil Warwick - best plan for a rainy day

Swallowing said traditional sign of spring time. All the signs are there for a true British summer: strawberry expensive in South West London (again), England lost the penalty shoot (again) and complaints about the terrible weather (again). If you can not seem to change in the summer in the UK, this year is different. We have had Diamond Jubilee and we approach the upcoming Olympics. The various celebrations throughout the country from the Bear Grylls way to carry the Olympic torch from the Tyne Bridge has developed a feel-good factor for the country, even the weather (again). Economy received a much needed assistance, especially in the tourism sector, or better yet, if you are a producer or a Union Jack flag bunting. However, additional celebrations also have a detrimental effect. Productivity fell for the month of May, a trend that is likely to continue throughout the summer. Office Party for the 2012 Euro qualifiers will morph into corporate tickets for events such as the Northumberland Plate, Wimbledon and then the Olympics. There are also signs of efforts to delay expansion plans on the back of uncertainty in the eurozone, with the summer disrupted as a reason to delay the investment. The survey was an unexpected business in East Chamber of Commerce Business Confidence survey showed the North East has the highest level of trust, such as the economy slipped back, Experian survey shows that the North East has the fourth highest rate of insolvencies on the same day at Ernst and Young survey showed job creation investment doubled last year in the North East. Tips summer for anyone who is not an extended break is to ensure that your cash management system is the best shape they can. Experian report shows that companies with 10-100 employees in the highest risk category with cash flow is the most common reason for failure. None of the summer, the business with the best cash management is best placed to tackle the challenges of the fall.

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