I know we all want the economy to improve, but I do wonder if we are kidding ourselves. Of course the Stock market is going to improve if you buy £125bn of bonds...and the prospect of a further £50bn can only help. ....but what about the underlying economy represented by the SME market. What of us??
My view is that the Autumn could be pretty grim for the SME sector. We seem to be at the back end of these things...we need to be very cautious about retaining as much working capital as possible. It may well be we are at our most vulnerable when we're on the mend...
Chris Scanlon
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