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Entrepreneurs tell us when the recession will end

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“I would ignore anything Alistair Darling says. It’s like watching a puppet dancing to Gordon Brown’s string on one side and the City’s string on the other with unions holding a string that drops his pants. Whatever Darling says, the recession will be over when it’s over. There are many other factors to this recession than just the UK ones.  “I am beating the recession with LINGsCARS by ignoring it and powering on full steam ahead. It seems many people are consumed by a slight drop off in volume; the economy as a whole is only slipping a few percentage points. The car industry is in tailspin, with stupid car industry people panicking at every change in the wind. “My sales are actually up; I refuse to allow the recession to affect me. I am gobbling up sales from hopeless car businesses that are going bust. “Businesses need to spread their risk, get more active and stop listening to useless politicians who can’t even manage their own expenses, never mind the economy. Turbulence is good – it creates opportunities.”Ling Valentine, LINGsCARs.com founder “Stock markets are showing strong indications of an upward trend after a prolonged downward trend which seems to indicate confidence is returning. However, this could be what is known as a “dead cat bounce”. Generally speaking the key to recovery is consumer confidence not stock market confidence. As long as energy prices stay low (or fall), food costs are low and housing costs remain at a low level due to interest rates, I would be optimistic that the end of 2009 can see us moving out of recession.”Jim Watson, Shred Easy managing director“For Somerset entrepreneurs, the likelihood is that the worst of the recession will be over by Christmas. With our independent spirit and entrepreneurial tendencies, Somerset’s business community is well placed to be first out of the blocks when the economy takes an upturn at the end of 2009 or early 2010.  “Strong and growing sectors such as advanced engineering, energy and creative’s will lead Somerset out of recession, as they are showing early signs of an upward movement.”Rupert Cox, Into Somerset interim chief executive"Technically we are talking about positive growth returning in Q4. From the viewpoint of consumer confidence and financial activity, survey evidence suggests this could happen. The growth in money supply will also provide a substantial stimulus in the coming months, and is already reflected in the rise in the stock market. Much however will depend on developments in bank lending and on business confidence picking up strongly."John Gilbert, JGFR chief executive“It won’t be over by this Christmas or the next, and probably not until after the Olympics

“We’re going to see unemployment continue to rise to three or even 3.5 million, which will continue to pull down the real economy. Then we have a major structural issue with the banks, which are going top struggle to regain the capacity to start lending again regardless of the amount of Government money that has been pumped into them. And general taxation will have to rise to pay for both the unemployment and the enormous amount of Government borrowing necessary to rescue the banking system. That means less money in the pockets of consumers.” “The chancellor’s growth predictions seem to ignore the drag these factors will impose on the real economy and is quite simply over-optimistic.”Tyrone Courtman, Turnaround Management Association (UK) chairmanPicture source

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Wednesday, 20 May 2009
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