As George Osborne ran through his emergency budget the other day, I was at the
Lincolnshire Showground watching overheated exhibitors preparing for the
Lincolnshire Show with one ear on the radio and the other phoning our delivery
drivers asking why the heck they were still in Essex when, three hours earlier,
they assured me they were just outside Lincoln.
Were they listening to the Chancellor, I wondered? And, what would they make of
those plans to increase fuel, VAT and other such measures? The next day I was
talking to farmers, many of whom seemed ambivalent about the measures. I can
only suppose dragging yourself out of bed every two hours to nurse a sick lamb
or calf, that’ll eventually sell for only a hundred quid or so, means budgetary measures are
the last things on their mind.
Cameron must be feeling a bit red faced over his pre-election comment over VAT
increases, though, as he previously said, “It’s very regressive, it hits the poorest the hardest. It does, I absolutely promise you.”
However, let’s be honest - its far better to tear a plaster off quickly than drag it slowly
across the skin, and in my book the Chancellor and the coalition have done a
relatively good job under the circumstances. The measures are a reasonable
price to pay to reduce the fiscal gap and can only be good news for Business
Link readers who will welcome Osborne’s plan to lower spending as opposed to crippling businesses through higher
taxation.
Sending out a clear signal that public spending is now under control, means we
can also look forward to more inward investment and restored confidence in
business owners, which is good for employment and good for the economy as a
whole.
As we all know, the recovery is going to be a rocky one – the biggest problems facing businesses at the moment seems to be getting paid
on time with many a business suffering higher bad debts than we’ve experienced in a long time, not to mention slower payers in general. Until
banks show more promising signs to extend credit, it’s going to be down to businesses to keep a tight control of their management
practices which is where Business Link comes in handy.
Every month we aim to spread best management practice and July is no exception
with a special feature on asbestos management – currently the subject of a major campaign as many continue to suffer ill-health
and the potential legal challenges are terrifying. We also examine how
businesses can both save the planet and some much-needed cash with our look at
environmental issues and have some timely advice from our friends at Streets & Co.
We hope you enjoy reading this issue as mush as we enjoyed compiling it.
Good reading, as always.
W S Fisher
Editor