Horse Hubs

Many people including myself were frustrated with the Pre Budget announcement .

I had prayed that Alistair Darling would have helped business owners and dealt with the fundamental concerns such as the existing disastrous state of the public purse, Public sector earnings, providing support to businesses, boosting saving and investments and the banks to be practical about lending to business organisations.

Like most company directors I concur that we need to have a mixture of tax increases in addition to spending cuts cuts.

The old statement from Gordon Brown is that urgent expenditure cuts would hurt business and strangle the recovery. My view is that although wholesale accelerated cuts could cause a problem, the length of time suggested is just a little too late.

It seems that the Chancellor is just toying around the edges of reform and does not want to sway the boat too much prior to an election.

The effect of accelerative public borrowing can be seen when you look at the Irish Economic System. The once Celtic tiger has had its claws extracted. Real cuts in pay are a realism along with bruising measures to cut back public borrowing.

I nearly choked on my dinner last night, whilst watching the six o clock news. Local Government employees were upset about a ceiling on salary increases of 1%.

I would be in that situation, as opposed to being employed for local government or public sector in Ireland.

Many small small and medium sized enterprises have actually taken pay reductions in the last year, due to the slowdown.

As ifa’s we offer a Small Business Advice service to our clients on a monthly basis. I would have preferred to see a more elementary approach to underpinning industries as they are an crucial part of the economy.