DOING BUSINESS IN A RECESSION AND A CREDIT SQUEEZE

Doing business in a recession and a credit squeeze, how property prices affect all businesses and how to cope with a recession and credit squeeze.

The property market has many long reaching tentacles and many estate agents have already gone to the wall with thousands to follow in the next eight months. Mortgage brokers, banks and other financial institutions are also feeling the credit squeeze but it doesn't stop there.

Start of article about difficult trading conditions, doing business in a recession.

Furniture manufacturers and retailers, carpets, bathrooms and kitchen suppliers, removal companies and any business directly or indirectly involved with people moving house are going to find the next few months very lean. There will simply not be enough business to go round and it is the companies who have the business brains or the financial clout to ride out the storm who will survive. In fact many will be rubbing their hands with glee at the thought of many of their competitors getting their come uppance.

The Bank of England is bailing out the banks who have been irresponsible and incompetent for fear of many of them going bust due to over exposure. However, the Bank and government have done nothing to help individuals or small businesses who are struggling to pay higher mortgage and loan interest repayments. It would have made sense to have placed certain conditions on the money being made available to ease the plight of millions of UK home owners and businesses. But of course it is idiots who got themselves into this mess and the same idiots who are trying to solve the problems now.

Unfair bank charges

Asset Finance

Commercial Mortgages

Bridging loans

I sometimes wonder if the government actually understands exactly how the economy works as they simply seem to try and mirror the US economy. Whilst the USA may be the biggest and strongest it is not necessarily the best run economy in the world and we would all do well to look at smaller better run economies like Norway where a greater percentage of the population have a far higher standard of living and higher per capita income than both the UK and US.

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So let's just unravel the whole concept of what an economy is in simple terms so that we all understand what we have to do as individuals and businesses to ride out the fast approaching recession.

Surviving the recession in difficult trading conditions