Archive for Making Money

An Oppurtunity That Offers Freedom

Posted in Economy, General, Life Improvement with tags , , , on July 12, 2010 by truthwillrise


320,000 more job losses forecast

Posted in Business, Economy, Life Improvement, News with tags , , , , on March 5, 2009 by truthwillrise

A further 320,000 jobs look set to be culled during the coming three months as companies respond to the recession, it has been warned.

Business advisers BDO Stoy Hayward said its employment index had dropped from 94.2 in January to 91.7 in February.

But the group said its output and optimism indexes had both risen modestly for the first time in 13 months, suggesting that businesses had accepted the realities of the recession and were adapting to cope with the downturn.

It added that the results also suggested that firms were taking swift and decisive action to tackle the challenges of the recession, including halting production or implementing new employment strategies to keep costs down.

The group’s optimism index, which measures business confidence two quarters ahead, rose to 90.5 in February from 89.9 in January.

At the same time, the output index, which measures order book strength in the next quarter, edged up to 88.3 in February from a 29-year low of 88.1 in January.

Peter Hemington, partner at BDO Stoy Hayward, said: “Optimism remains low and businesses expect the economy to continue to contract, but companies are now adapting their business models for an uncertain future.

“It’s still too early to say if business confidence has hit rock bottom and we’ve already seen a number of false dawns, but this month’s modest increases are encouraging. We must watch carefully to see if this is the start of an upward trend.”

Meanwhile, the British Retail Consortium called for urgent action to be taken to stop the closure of shops, following estimates that 140,000 premises will be empty by the end of this year.

The group wants rents to be collected monthly and to fall in line with the state of the market, along with an immediate freeze on business rates and a restoration of empty property rate relief.

Copyright © 2009 The Press Association. All rights reserved.

Related articles

If you want to take back control of your future and not be one of the millions who are losing their jobs, please log on to Take your life back today!