2009 Under the Spotlight
We came into the year with the global economy in meltdown with predictions of a cataclysmic 30s style recession and although it’s not been a very pleasant experience for many, we didn’t reach those depths. Instead, there has been a kind of gloomy suspended animation where not a great deal has happened.
The role that HMRC has played has been central to keeping businesses afloat and their employees off the streets. However, a year later we have to pose the question: “Are those businesses any better prepared for the future?” That’s doubtful. The current position is not and simply cannot be sustainable. For the fans of a W shaped recession, it’s plain to see that there is some pain to come yet before we come out the other side.