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Global Recession – Tough Times For Small Businesses
According to the International Monetary Fund, the world is set to slip into recession in 2009. As global growth of under 3% is considered a global recession, the figures showing a 2.2% growth in 2009 indicate that it is on the cards for sure. The global economical crisis has had a serious impact on the availability of credit throughout the world, but thinking about the effects closer to home, how is it affecting the average UK small business?
Bail Out GM and Ford – Are You Serious?With every company and individual in America asking for a ‘bail-out’, how can corporations as large as Ford and GM be asking for bail-outs too? Truth is, most corporations are so top heavy in salaries, that they will not even consider reducing their incomes to improve the overall bottom-line of their companies, much less the economy of our nation.