JJB parachutes in troubleshooters to reorganise the business
It has been revealed today that Sir David Jones and Peter Williams are set to join troubled sportswear company JJB as the well-known troubleshooters are given the task of reorganising the business. The troubles at JJB have been well documented over the last few weeks as the leisure sector appears to be bearing the brunt of the downturn in the UK economy. Whether these two new recruits will be able to turn round the business remains to be seen but they have a very impressive track record.
The situation on the UK high street, and in the UK business sector in general, has been made worse by the reluctance of many leading banks to offer extra support at these difficult times. Yet again despite attempts by the government to force the UK banking sector to release more capital to the small, medium and large business sector we are actually seeing a contraction of business finance to the detriment of many UK businesses.
Despite the multi-billion pound taxpayer led rescue package for the finance sector there appears to be very little is in the way of financial assistance for both consumers and businesses alike.
Share this..
Related stories
British Sport Subject to ‘Invisible Tax’
It has been revealed that most British community sport is subject to 20pc tax, after an effort against HMRC was stepped up over their plans to levy VAT on 5-a-side football. Although it is possible for some organisations to avoid tax, it is believed that many of us who use gym’s or send children to after school sports classes, pay tax that is never apparent to us. Tom Kivlehan, VAT expert at...
Read MoreWill the return of stamp duty kill the housing market?
The stamp duty holiday for the UK housing market is set to end on 31 December and there are concerns that early 2010 could see a slump in demand and a slump in prices across the UK. There is no doubt, as with the UK car scrappage scheme, there has been significant manufactured demand in the UK housing market primarily because of the extended stamp duty holiday. But is the UK property market able t...
Read MoreCadbury takeover set to become bitter
While privately it is rumoured that many Cadbury directors believe that Kraft foods will not walk away from a potential deal in the short term, the takeover battle between these two giants is set to become bitter over the next few weeks. Today we saw Cadbury's request clarification from banking giant Merrill Lynch which had apparently indicated that the chief executive of Cadbury had suggested tha...
Read MoreTax avoidance adding to UK tax rate
The Treasury has announced that the basic rate of tax could be cut by 2p if people paid the tax they were obliged to. In many cases it is thought that everyone else picks up the tab when the wealthy avoid their obligations. Such avoidance is within the laws of the UK tax rules in many cases, and exploits loopholes that allow individuals to pay a minimum amount of tax on earnings. An example of...
Read MoreThe eight Tory party economic benchmarks
Shadow Chancellor George Osborne has today issued eight Tory party economic benchmark measurements which he believes will allow those in the UK and around the world to measure the performance of the UK economy. One of the major pledges is to retain the UK's AAA credit rating which has been under a little doubt over the last few months because of the large budget deficit predicted for the next few...
Read More