Green shoots of recovery for UK businesses and the economy
In a blog response to budget announcements, ICM CEO Philip King talks of the good news coming out of the UK government for business, and the green shoots of recovery for the UK economy. Philip states how he sees the controversial pension reforms as a positive change, and predicted statistics for the 2014 UK economy as very encouraging.
Quoting the creation of 1.5 million jobs in the next five years and grants for 100,000 more apprenticeships, Philip sounds quite positive about the direction of the economy. You can read his blog in full here: http://www.icm.org.uk/ceoblog/calm-seas-fair-wind-blog-philip-king/. It certainly seems to echo the thoughts of many that the UK economy is certainly recovering after a tricky few years. News reports such as this: http://www.bbc.co.uk/news/business-27047966 only the other day talked of the first signs that wages might finally be increasing disproportionally better than the costs of goods and services for the first time in many years. There seems, however, to be a difference of opinion over whether this is four or six years of history. Either way, essentially, soon the working man or woman, should start to find that impact of the positive echoes of the economy in how far their day to day pay packet stretches. A pay packet that the office of national statistics believes is currently increasing annually by two percent in the private sector. In the same report, the office states how the figures for unemployment have fallen by 77,000 in the last three months. It certainly would seem to be the beginnings of a much needed boom period for UK businesses.
While growth is key, so is keeping on top of your finances while growing, especially if you’re nurturing the cash flow of an SME. Cash flow can be king, and over stretching funds outwards whilst not getting enough back in, can quickly see a business fall below the agreed overdraft line and into closure. Software tools such as Safe Financials and Safe Credit Control can help business keep the books in order, reduce debtor days, and keep payments processing through the business. To find out more about these products, visit www.safe-financials.co.uk and www.safe-creditcontrol.co.uk, email email@example.com or call 0844 583 2134.