Dear reader ,
Today’s announcement by the Bank of England is that base rates remains at 0.5% is welcomed news for those with a mortgage. With the European Central Bank warning of increasing inflationary pressures how long can this last? Higher interest rates may increase the number of business failing as historically more businesses fail coming out of recession than going into it, so what is coming next?
What businesses needs to thrive normally, is stability however in times of volatility there are opportunities for the brave and with the potencies of governments looking less robust and with less wiggle room to cope with crisis as Stephen Foley suggests in the Independent with increasing risks, it does seem that we are living in more ‘interesting times’ where fortune will as usual favour the brave but what to actually do?
Having asked on Linkedin ‘2011 Economic Predictions – What do you predict will happen? with lots of interesting answers some i hope for and some I fear but they are interesting projections of current trends. I have reflected on what is the best route to ‘competitive advantage’ for UK-based businesses and I am concluding innovation as the most logically answer…
Taxis are really useful to get from A to B and the idea of small taxis in the air is s a logical next step and a potentially lucrative business which Richard Farleigh (of Dragons Den fame) is promoting in his blog well worth a peak!
Is social networking or social media placement to enable individualised discovery of what you do the answer to innovation or conversely could private social networking be the answer as so often counter trend investment of time, money and energy has the biggest potential rewards. As always investment advice remains dont risk what you can’t afford to lose and with every opportunity, it’s possible the value will fluctuate possibly going down as well as up…
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