Recession may be over for the Banksters but not for us!
Recession may be over for the Banksters but not for the rest of us!
Please don't be fooled, Britain on the way out of Recession is just the economists rosy view of our future. It is not reality!
For people waiting in line at the Job Centre, in shrinking manufacturing or service industries Recession is still firmly governing our lives and is a continuing factor to consider until well after the Olympics and perhaps a few years beyond.
Consider the current position. We in the UK are faced with a General Election and a probable change of government. Whoever get in, will still facethe same financial hurdles. Gordon Brown will in any event face a new leadership challenge shortly after the Labour Party Conference, and retire or take up a role outside of politics. In any event, politicians are resigned to having to pay for long term public sector projects with ever decreasing incoming tax revenues to fund them. Unemployed people don't pay much tax, don't consume services and really have no resources to buy manufactured products.
So rather than stockpile the products, bank up the services - you cut them, retrench, downsize. Do without. Unless you are a Bankster!
News that General Motors has virtually offloaded its' European operations to a Canadian led consortia is very good news for Germany, who are fronting a multi million euro funding package to facilitate the deal. German politicians and GM operations under the Opel brand but really bad news for the UK and anything badged Vauxhall, where our UK political clout and offers of financial assistance to the loss-making firm has seen to be lacking and ministers virtually invisible. No wonder Germany really IS coming out of recession.
What has not changed is the fact that we are involved in an all out war in Afghanistan, shouldering a mind boggling amount of long term debt and a Banking system bailed out by the taxpayer, now hell bent on building up capital but still curiously spreading largesse, at major sporting events as if nothing has happened! Spot the avalanche of publicly-owned but discredited RBS banners at every F-1 motor racing circuit! We don't even get to see the corporate hospitality areas associated with each event.
Rebuilding capital? This means keeping most of the 'fiscal easing' designed to make loans easier for cash strapped business but in reality turning customers upside down and shaking them until all the loose change has not only dropped out of their pockets and handbags but also ensuring that any lending is covered by an asset ie your mortgaged house, factory, product or anything of merchantable value which can be seized and sold in the event of default.
Banks and Building Societies these days are little more than marketing bodies and care little for building long term intimate private or business relationships, however its dressed up.
The computer, credit agencies and bank head office make the decisions, local skill and knowledge counts for very little and indeed local staff have in many ways been decimated, branches cut and phone/online and other forms of remote banking offered as an alternative.
It's no way to run a banking industry but who can tell them? Having been bailed out, propped up, many commentators (including this one) consider that the banksters are now rapidly going back to their bad old ways in terms of the back art known as investment banking. Ultra high risk gambles with high gambling related rewards, there is not an ounce of true investment in these deals.
The deals only work provided that all the players maintain the game and abide by the unwritten rules. If just one goes bust, then the whole house of sand collapses as it did. Banks now realise that unlike normal business they will be rewarded for really crass commercial decisions, simply because they are too big say the politicians.
Just remember that long serving broadcaster Sir Terry Wogan who has announced his retirement from the breakfast show on BBC Radio Two is a qualified banker, having passed all his exams way back in his youth and that none of the current chairmen of our major bailed out banks have ever bothered to gain any formal banking qualifications!
Politicians from all the major parties are now being forced to admit that spending cuts in the public sector will be made but they will covertly ring fence some pet projects by dipping into the so-called 'contingency fund ' which is also propping up the war in Afghanistan.
But where does business go from here?:
Radical times require radical solutions:
Ultra high risk and plain nasty:
Consider a pre-pack liquidation for your business. Effectively certain chartered accountants and insolvency practitioners will immediately sell the viable parts of the business back to you minus any debt liability.
Creditors can literally go to hell and carry any loss; your business under a new limited liability firm identity might have to find a new set of suppliers and so on. Rebuild goodwill with business associates and repair damage with parts of the re-hired workforce on new revised employment contracts. It also gets the new firm out of any continuing employer liability to the existing workforce, and no redundancy to consider.
High risk not so nasty
CVA: Company Voluntary Arrangement. Creditors are balloted to accept a less amount for their invoices in return for letting the company trade on. This however needs a substantial majority of creditors to agree to make it work.
Focus Retail Warehouses recently came through this process and managed to return many onerous retail warehouse leases to the landlords with little or no penalty.
Renegotiate your banking arrangements but you will be expected to put your house on the line
Re-organise the business, hire a good well experienced interim director or manager to assist in the restructure and work within your available capital.
Factor all your invoices. Rationalise your product and service lines, Cut back on humans and replace with computers or outsourced front line/ call centre staff. Consider licensing all or part of manufactured products or moving production to low cost areas such as china or the Far East. Consider a merger with you main competitor or reverse the options and make a bid to benefit from economies of scale.
In reality, dramatically cull the payroll close down duplicate head office and parallel functions, manufacturing or service facility and merge, rationalise what remains. Outsource where ever possible.
Not all of these ideas will suit your business or circumstances but hopefully will get you thinking about a new direction and purpose for your enterprise. You'll make a few new friends but be prepared to lose a whole lot more.
No one likes change and the only way the future for commerce in this country is to embrace wholesale change on a level never before imagined. The bold and brash will survive, the weak as always will perish. It is as simple as that. But as for the recession being behind us? The phrase " I'm a politician, trust me" is simply not in my lexicon!
(c) Julian Bray MCIPR NUJ 2009
JULIAN BRAY ++44(0)1733 345581 BROADCAST ISDN ++44(0)1733 345 020 all codecs
MOBILE: 07944 217476
AVIATION SECURITY EXPERT, AIRLINE OPERATIONS & NATIONAL SECURITY ISSUES.
BROADCASTER, COLUMNIST & JOURNALIST. NUJ & FULL EQUITY MEMBER.
IMMEDIATE LIVE BROADCASTING VIA OWN ISDN COOBE, STUDIO & HIGH SPEED BROADBAND SKYPE
ISDN +44 (0) 1733 345020.
OFFICE +44 (0) 1733 345581
AVIATION & CRUISE, MARTIME INCIDENTS, SAFETY ISSUES, TRAVEL THREATS & PERILS, TERRORISM ISSUES, WORLD TRAVEL & INSURANCE COVER ISSUES, CONFLICT ZONES, LONDON RUNWAY, FEATURES & CORRESPONDENT RESEARCH PACKAGES. NATIONAL & LOCAL POLITICS, LAW & ORDER, LITIGATION SUPPORT.
"Adept at holding national and international politicians and business people to account, has a 'Marmite' but considered approach to politics and always well prepared" Iain Wilson
Julian Bray broadcasts and comments via ISDN +44 (0)1733 345020 (GLENSOUND C5 Dual Codec), VoIP and SKYPE >>> JULIAN.BRAY.UK <<< mobile 07944 217 476
BBC Contributor 10476453
LANDLINE number in the UK is +44(0) 1733 345581 Use this number to pre-brief or to book link.
TELEVSION AND RADIO LIVE INTERVIEWS AND CONTRIBUTIONS
RUSSIA METROJET, GERMANWINGS, MH17 INCIDENTS and other RECENT TV NEWS & RADIO AUDIO FEEDS
LASER PENS BBC NEWS
https://www.rt.com/op-edge/323287-su24-fighter-russia-turkey-syria/ Scroll down final VT
http://www.cbc.ca/i/caffeine/syndicate/?mediaId=2685621754 AIR DUBAI CRASH MARCH 2016 Television 2-way with CBC Canada via 'upmarket' SKYPE
https://ca.news.yahoo.com/video/plane-circled-airport-bad-weather-110053170.html AIR DUBAI CRASH 19/03/2016 Julian Bray first reaction
Julian Bray Broadcaster Radio Podcasts Selection
CargoLogic Air load one of their mega all cargo aircraft. In addition to purpose built frighters, many end of first lease, state-of-the-art wide-bodied passenger aircraft are currently being snapped up and rapidly re-purposed for all cargo operation. As the 21st Century trend is away from airport hub/spoke operation - apparently Heathrow [LHR] is yet to get the memo… -and towards single aisle narrow bodied passenger/cargo hold aircraft, working point to point schedules continues apace ...
JULIAN BRAY ++44(0)1733 345581
Illustrated Convention Lectures & Workshops, Keynotes, Broadcast Briefings, Media Presentational Training, Aviation Security and Operations Incident Management Consultancy
(ISDN BROADCAST LINK ++44(0)1733 345 020) all codecs G.722 & ATX Developed for use in ISDN remote broadcasting, G.722 is the original wideband speech codec to be standardized by the ITU-T. By sampling the speech signal at 16 kHz, G.722 more than doubles the encoded speech information, providing richer sound and better clarity than narrowband speech codecs. ( (ISDN2 BT BOX INSTALLED AT HOME: LIVE LINKS AVAILABLE AROUND THE CLOCK )
Book slot on landline 01733 345581
Mob: 07944 217476 http://www.aviationcomment.com/ E&OE
COVERING TRANSPORTATION & ASSOCIATED POLITICAL ISSUES IN ALL FORMS plus RELATED INDUSTRIES including AEROSPACE, COMPUTER NETWORKS, RAIL, AVIATION, CRUISE, FERRIES, MERCHANT MARITIME, MILITARY, TRAVEL & HOLIDAY INDUSTRIES, CAA REPORTS, TERRORISM & SABOTAGE, COMPUTER MISUSE & SYSTEM FAILURES, TRAVEL AGENTS, ATOL ISSUES, CIVIL & COMMERCIAL AVIATION. AIRSHOW ORGANISATION & LOGISTICS.
Contact numbers 01733 345581 OR Trusty Nokia Mobile: 07944 217 476 OFFICE: 01733 345581 and answerphone email: firstname.lastname@example.org
BROADCAST ISDN2 LINE: 01733 345020 ISDN DIGITAL DIAL-UP only. [ BH VENDOR #10476453 add PE28xl ]
SKYPE: JULIAN.BRAY.UK (directly wired Ethernet connection on high speed Virginmedia cable) ALSO GLENSOUND ISDN GSGC5 ISDN LOCATION UNITS FOR PROFESSIONAL DRY HIRE
Julian Bray provides: Opinion, comment, forward thinking speculation, keynote presentations and workshops for corporate organisations on Travel, Cruise & Aviation: conflict zones, terrorist impact, cybercrime and DoS issues, drone (UAV) issues, safety (black boxes, emergencies), airline operations, aviation finance, political implications, and all forms of incident risk.
He operated at board level with several airline and aviation groups, including Alitalia, British Island Airways, British Airways, Galileo , British Aerospace, Skyways, former CEO City firm Leadenhall Assoc. (PR WEEK TOP 150) Founder CNS City News Service. Director NTN Television News (joint co. with ITV Wales TWW) Debretts People 2017 and featured in launch edition of the PRWeek Black Book. Investigative Journalist and Broadcaster.
After-dinner speaker and presenter. NUJ LIFE MEMBER & FULL EQUITY MEMBER.
Direct links to a selection of television and radio contributions can be found at foot of this page. Scroll down. Join the conversation here or on Twitter at @aviationcomment @julianbray.
A retweet, comment or other publication by any means does not constitute an endorsement. Quoted Content subject to creditline 'Julian Bray' . During career an active MCIPR, MMC & MBDS.
Main UK telephone and prime contact number 01733 345581.
Mob: 07944 217476
ISDN2 Loop Test (by arrangement) 01733 345020
Download the new CAA DRONECODE HERE : http://dronesafe.uk/wp-content/uploads/2016/11/Dronecode.pdf
Glensound GSGC5 ISDN LOCATION (COOBE - FLYAWAY) COMMENTARY UNITS/COLES LIP MICS FOR PROFESSIONAL HIRE
VIDEO PROJECTOR & SMALL FORMAT PUBLIC ADDRESS/ MUSIC PLAYOUT HIRE
BBC LOCAL NEWSROOMS
The Small Print...
TERMS & CONDITIONS
This is the small print, demanded by the legal eagles, we've tried to keep it clear and simple, this is in addition to, and not in the alternative to the NUJ Code of Professional Conduct.
- The content this website is for your general information and use only. It is subject to change without notice.
- Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors, we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
- Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements and you have made your own independent enquires as to the content..
- This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than for review purposes, or where specific permission has been granted, for example in connection with a commission or contribution supported by a written contract and any terms in accordance with the copyright notice, which forms part of these terms and conditions.
- All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.
- Unauthorized use of this website may give rise to a claim for damages and/or be a criminal offence.
- From time to time this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the linked to website(s). We have no responsibility for the content of the linked website(s).
- E&OE Errors and omissions excepted. Use of quoted content subject to creditline: Julian Bray, broadcaster.
- Writers P.I. & P L I. # WRT001966
Huge setback for Boeing MAX8 rehabilitation as new documents emerge and allegations that Boeing knew of test pilot concerns at an early stage....https://theaircurrent.com/aviation-safety/new-document-in-737-max-investigation-points-to-chaos-pressure-in-mcas-development/ Julian Bray N...
Alert for restricted airspace - London and vicinity of Watford (Temporary) NATO and Heads of State Meeting in Watford and Head of State visit to Londonhttps://mailchi.mp/caa/alert-for-restricted-airspace-london-and-vicinity-of-watford-temporary?e=2437c5cb26 Julian Bray NUJ, EQUITY, MMC, Br...