We need positive signals
Moving office buildings in the midst of preparing for the annual audit, completing the P11D’s and the quarterly VAT return is not a recommended strategy!
However, sitting down on Monday morning after a long weekend surrounded by boxes and crates waiting to be unpacked, it all seems to have come together – teamwork always wins through! I did get some time to read through the Sunday papers and must admit that I’m none the wiser as to where interest rates are going to end up this week.
High Street retailers are giving off some very depressing signals, apparently we’re all borrowing on credit cards to pay our rent and mortgages and every time I fill up my car I seem to be paying off the national debt! However, most of the businesses with whom I’m working aren’t really feeling any significant effects …. yet.
In time they will, increased fuel prices are now feeding through in the cost of supplies, inflation will lead to increased salary demands – all over time, so it may well be that some of these businesses will feel the crunch later in the year, thus prolonging the effects.
What we need is positive signals and a clear indication that the Monetary Policy Committee is in control – that will build long term confidence in the small business sector and allow the businesses to make the right decisions now about investment, borrowing, recruitment etc.
