Oct 04 2010
UK competitiveness worsening ‘slowly and steadily’
…or at least that’s what most of the pessimistic news from the Guardian is indicating.
But of course, an economic recession brings about much needed reflection as well; for instance, after British Airway’s unionised labour strike, and the shutdown of businesses such as Woolworths as well as many smaller firms, has caused many of the surviving firms and companies to evaluate reasons as to why some other competitors didn’t fare so well.
Failure to employ Contingency Planning is a commonly brought up reason for business’ failure, failure to plan ahead is planning to fail in many cases. Budgets could have been adjusted for the recession, stock scaled back.
A slowing housing market due to consumer gloom admist all the uncertainty. With low interest rates of 0.5% and a radical reform in government to a joint-coalition, it is no wonder that the atmosphere in the UK is somewhat more dreary than usual in present times. Consumer confidence is going to be impacted for an elongated period, and the longer this lack of confidence, the harder it will be for the country to increase consumption and overall business momentum.
http://www.guardian.co.uk/business/2010/oct/04/housebuilding-slumps-after-year-recovery