Click to visit our sister magazines



















Sponsor





If you're in business then Business Link magazine is an easy way to make sure you deal with the people who matter.

Approximately 60,000 readers comprising Company Directors, Senior partners, proprietors and their professional advisors plus Local Authorities and financial Institutions. Business Link has become a must read publication for the majority of decision makers with interests in the Yorkshire & Lincolnshire region (wherever they may be based, as the magazine can also be accessed online). As such Business Link magazine provides advertisers with an unrivaled opportunity to reach new clients at decision making level. The quality of our editorial is second to none, as we know only too well that businesses need hard facts intelligently researched and 100% accurate. It is this editorial formula that holds our readers attention from cover to cover


Welcome

Business Link Magazine Cover

Click the cover to visit the online magazine

With the news that the UK is officially out of recession, we should all be feeling on top of the world, although there’s very few corks popping around our region as yet.

There are some positives but, whilst economists may be rubbing their hands in glee at the upsurge in the health of UK PLC, the tiny increase in Britain’s economic health means little to businesses on a practical level and many businesses in our region know they’re going to have to fight for market share if they intend to survive.

Of course, any indicator of an improvement in our financial health is good news, but there’s still a long way to go. The taxman certainly recognises this, as can be seen from the ‘time to pay’ agreements deferring payment for over 25,000 companies that have fallen into arrears. And, other creditors and lenders will be all too aware that we’re a couple of years away from returning to the heady heights we enjoyed before the recession.

Part of the problem, of course, is that to fund recovery businesses need to raise finance but, let’s face it, the banks are going to stick pretty rigidly to their new business plans, so the challenge is for businesses to find access to funding - the very lifeblood of recovery. This could well mean more mergers and acquisitions which is good news for the dealmakers in the region.

In the meantime, motor dealers are far more concerned with the effects that the ending of the car-scrappage scheme on their franchises, than a 0.1% increase in the economic health of our country. Similarly from our dealings with retailers on our county magazines, I can tell you they’re more concerned with the falling levels of personal liquidity and continued high level of unemployment, which is affecting consumer spending.

Only when all this narrows sufficiently, which the number crunchers don’t expect until the second half of the year, will the majority of the manufacturing base in our region see genuine recovery. The service sector however will benefit earlier, particularly the professions, as the need for legal and financial advice grows.

With public sector cuts on the horizon after the General Election, it will be down to business to maintain growth and any business won by one will be at the loss of their competitor. We would therefore urge the government to keep the burden on taxes low, as this will better our chances of a sustained recovery. If the government – of whatever colour – can see its way to do this, then I’m confident that businesses in Yorkshire and Lincolnshire can and will emerge from the downturn in a much stronger position than ever.

Good reading as always...

W S Fisher
Editor