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So what do we think of the Mandelson bailout? Frankly not a lot although time will tell. The problem with all these packages seems to be that they get to the point of understanding the problems and seeking a solution but they don’t seem to then tell those to whom they are giving the money how they want it used. They gave money to the banks and told them to start lending again but they didn’t tell them when, how much Read more »

Unless you work in the finance industry you may not fully understand the term ‘credit crunch’. It is simply the running out of money to lend, hence the reason why the Government is having to step in to inject more money into the economy and provide money for the banks to lend – in theory. Of course all they are doing is using the money to bolster their balance sheet making the ‘cash in bank’ look a little healthier. The problem for you and me is the ability to borrow money, Read more »

Over the years I have often found myself locking horns with accountants over the benefits of leasing. Most accountants fall into one of two categories, they either ‘get it’ totally or are totally clueless. Of course all of my accountant readers ‘get it’ totally. It was highlighted last week once again when I couldn’t get a potential client’s accountant to appreciate that by taking a lease his client would save around Read more »