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Coping with the credit crunch

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GillianDuffy

A recent presentation on how to survive the credit crunch.

Economy & FinanceBusiness
1 of 22
Topical business and tax issues in the credit crunch Gillian Duffy and Carolyn Pedersen
Business in the recent past…
Business today??
Bank of England Sterling three-month interbank rates relative to future expected policy rates Source: Bank of England
Bank of England GDP projection based on market interest rate expectations Source: Bank of England
Chart 1 Falls in UK bank equity prices, 1970–2008(a) Sources: Thomson Datastream and Bank of England calculations. (a) Monthly data are the average of the daily observations in the month. The labels show events occurring around the time of the dates on the chart. (b) October 2008 figure used in the calculation is the average of daily observations to 20 October. Ten worst monthly falls in UK equity prices, 1693-2008(a)
Surviving the credit crunch
Identify financially vulnerable customers and suppliers ,[object Object],[object Object],[object Object]
Getting paid by your customers… ,[object Object],[object Object],[object Object],[object Object],[object Object]
Late payment legislation ,[object Object],[object Object]
Supporting your suppliers ,[object Object],[object Object]
Managing your cash flow ,[object Object],[object Object],[object Object],[object Object]
Review your drawings/dividends ,[object Object],[object Object]
Keep your cash somewhere safe ,[object Object],[object Object]
Become more efficient and creative ,[object Object],[object Object],[object Object],[object Object],[object Object]
Problems paying VAT ,[object Object],[object Object],[object Object],[object Object]
Problems paying income or corporation tax ,[object Object],[object Object]
Communication is key ,[object Object],[object Object],[object Object],[object Object]
Topical tax issues
Annual investment allowance ,[object Object],[object Object]
Other tax issues ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Coping with the credit crunch

  • 1. Topical business and tax issues in the credit crunch Gillian Duffy and Carolyn Pedersen
  • 2. Business in the recent past…
  • 4. Bank of England Sterling three-month interbank rates relative to future expected policy rates Source: Bank of England
  • 5. Bank of England GDP projection based on market interest rate expectations Source: Bank of England
  • 6. Chart 1 Falls in UK bank equity prices, 1970–2008(a) Sources: Thomson Datastream and Bank of England calculations. (a) Monthly data are the average of the daily observations in the month. The labels show events occurring around the time of the dates on the chart. (b) October 2008 figure used in the calculation is the average of daily observations to 20 October. Ten worst monthly falls in UK equity prices, 1693-2008(a)
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