Taking Stock
If you wanted to look for a sure sign that there’s something wrong with the economy forget skirts getting longer in the City or whether all the taxis are full.
Instead just look at the accountancy institutes and their financial performance.
In fact, recent results from the ICAEW and CIMA almost forced TS down the dole office to register for work.
An operating loss of #600,000 has been posted by the ICAEW, just a year after making #3.7m, while CIMA’s deficit stands at #322,000.
Now it strikes TS that if the chaps who profess to be business experts can’t get it right what hope is there for anyone else?
We don’t want to be seen as doom mongers but if this is a sign of the future, that second holiday in Malaga later this year seems a little extravagant.