IRIS Exchequer’s own brand of pain relief to help deal
with
the credit crunch
The British economy is said to be growing at its slowest rate
for 3 years and Bank officials have admitted that its forecast for
growth is consistent with the possibility of
a brief and shallow recession.
With expansion in the first quarter of 2008 recorded at just
0.4%, compared with a rise of 0.6% in the previous quarter, few now
expect the Government's official estimate of growth in a 1.75% to
2.25% range to be achieved. Most independent observers put
the growth rate much lower, some as low as 1% this year.
In the current climate of uncertainty, risks need to be
controlled and preparation is vital. Although there are many famous
quotations on this theme, we particularly like
the following by Henry Ford.
“Before everything else, getting ready is the secret of
success.” IT and software is levelling the playing field and
providing any size of business with the capabilities that have
until now been the sole preserve of large organisations.
We are not trying to suggest that the following measures will
bring instant ‘pain relief’, but we are confident that by
incorporating a few of the following measures, your business will
be fully prepared, with the appropriate tools in place to maximise
efficiency, improve productivity and achieve success and you will
be well placed
to deal with the impact of the credit crunch.
 Continue
reading the FDs' guide to alleviating the pain
|