Before the beginning of hostilities there was much speculation that the war could have disastrous effects. The spectre of a major reduction in holidays would blight the travel industry, huge rises in oil price would effect all economies. However great the claims that have been made by surveys that they demonstrate the negative ‘Iraq effect’, it might not be so bad after all. A poll of economists from Reuters put the chances of an interest rate cut at 55% as consumer credit grew by £1.9bn in March.
Good, the world’s alright. But what about manufacturing being at an all time low? Or that selling IT products is next to impossible, or that the City anticipates another huge wave of redundancies or that average household indebtedness is at unthinkable levels? Trust a bunch of statistics?
Take care. You’re about as likely to find agreement between numbers as you are between George Bush and Kim Jong-il of North Korea. Instead ask your boss how the company is doing.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements