The shortage of credit is the biggest problem facing business in 2009,
according to Deloitte’s latest quarterly survey of finance directors.
The survey revealed that 99% of those surveyed said credit was hard to find –
a substantial increase on the 55% who said the same thing a year ago.
The Financial Times quotes one FD in the survey saying: ‘They have
stopped lending even to sound businesses with long track records and
relationships. They are no longer banks.’
Results from the research show that main concern of FDs this year will be
strengthening balance sheets, maximising cash flow, cutting costs and improving
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