Reasons to be cheerful

25th October 2012

Are we finally about to turn the corner? Are things about to start getting better? For those of you who regularly read my blog, you may think here he goes again on one of his optimistic soap boxes. But this time things really do seem brighter.

On the macro scale, unemployment is dropping all the time and quite rapidly. The private sector really is starting to grow and create more new jobs all the time. Inflation is finally down to the target levels as set by the Bank of England (albeit temporarily) and the general consensus is that growth figures in the last quarter will signal the end of the double dip.

On a micro scale, many of my clients are reflecting this also. In fact three of them were complaining last week that they were struggling to keep up with the business coming in. Others who have been fighting to keep their heads above water are finally seeing and feeling change approaching. The things that have seemed to be on hold for so long are finally starting to happen, and more of their customers are starting to commit to buying again. Bad debts are becoming less frequent and debtor days are falling.

From my point of view, I too am beginning to see people who had been wary of spending money due to concerns over cash flow, becoming more confident about the future, and are committing to investment.

Of course we are not out of the woods yet, and recovery is going to be slow, but isn’t it time we all started to latch onto the good news, and see if we can’t make this latest resurgence permanent, and worthy of my optimism.

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