LIKE MOST FOLK, I was a little jolted by the recently published figures showing Britain’s GDP going into reverse. However, I’m not getting overly worried.
The service sector makes up about 75% of the UK economy, and bad weather at the tail end of last year definitely affected Britain’s ability to function. We all saw it with our own eyes.
January is back to normal, weather wise, and with other major economies like Germany and the USA registering positive GDP growth , I think we’ll follow suit in the 1st
quarter of 2011, thus avoiding an official double dip recession.
If I’m wrong, there will be some serious reassessment of Government tactics. Yes,
there will have to be some short term pain with regards to unemployment, insolvencies and consumer confidence……economic pundits expect all that…. but a return to recession, when other countries avoid it, will heap some very unwelcome pressure on George Osborne and his Coalition colleagues.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned