Comments on: Pre-Budget Report 2008 – small business impact & reaction

By: Rose Lewis

Rose Lewis — Thu, 04 Dec 2008 15:05:17 +0000

Somehow we have spent a lot of time talking, worrying and creating a panic over the fact that our economy will shrink by 1.5% next year
Yes it is a real concern, but surely we should be spending significantly more time talking about the 98.5% that remains. Is it an illusion to consider the vast majority of business in the economy still sound?
With government increasing spending next year, by maybe 2-3%, one could argue that in the private sector this 98.5% is in reality only 98 or even 97%, but that’s kind of an academic argument. It still means that there’s a lot of work out there and that’s where businesses should be focusing to increase their share. Truth is, the real impact on a creative business of the economy being 97% of the last year’s size (or 101.5%) is kind of negligible.
One less latte a day per member of staff ? No Xmas party? That’s about the size of it.
Don’t wait to make a new year’s resolution: start planning right now for the positive. For those who are prepared to think laterally, act flexibly and get stuck in, it really isn’t as bad as many folk would have you believe.

By: SmallBizPod

SmallBizPod — Tue, 25 Nov 2008 12:22:53 +0000

Hi Ed, good idea. I’ll cover it off in the next podcast and point to some real experts on the subject too.

Cheers

Alex

By: UK pre-budget announcements :: N3W MEDIA

UK pre-budget announcements :: N3W MEDIA — Tue, 25 Nov 2008 12:09:19 +0000

[...] Just read a very conscise and helpful review of yesterdays pre-budget announcements over at the Small Biz Blog. [...]

By: Ed Stivala

Ed Stivala — Tue, 25 Nov 2008 11:58:00 +0000

Great summary, thanks for posting it Alex.

I was not aware of the suspension of the proposed income-shifting rules. (In fact I am note even up to date on what the proposed rules are!!). Could this be a minor topic / question to address in a future podcast?

Kind Regards