How bad is the credit crunch/recession

[Trazor]

i owed £20,000 on credit cards once.

after that i couldn't get get credit for six years,

I now have credit cards with the same bank

Of course the banks are to blame, it is their responsibilty to make sure that those to whom they loan money will pay it back.

Remarkable, quite remarkable.

 

[mattylad]

I have just seen our company accounts for last year.
Somehow I don't think we are doing to bad

 

[2scoops0406]

Accounts mean nowt, cashflow is king.

 

[empip]

The show hasn't properly started yet - this is the 'phoney war' when the great and good are sorting their dosh into something more durable.
Apparently a 'mint' in Perth Australia is taking no further 'gold' orders until January 2009 at the earliest - they are working 24/7 -

Report from November this year ... http://www.theaustralian.news.com.au/business/story/0,,24687337-36418,00.html

Mind you...

http://www.24hgold.com/news-gold-si....aspx?langue=en&articleid=346876_Jason_Hommel

-0-

 

[Softus]

cashflow is king.

Cashflow is 'king what?

 

[joe-90]

It might be a good time for the UK to sell some of its gold reserves. Price seems right.

 

[Norcon]

What gold reserves Joe?
Brown got rid off the last remaining lot at a car boot sale.

 

[Blasphemous]

BoxCleva, I used to be a HR Trainer for Trinity Mirror. My wife is Head of HR for her organisation. Obviously between us we have a fair appreciation for Employment Law, Support Agencies such as Acas etc. I've googled, 'Largest Employment Law Support Company in the UK',

I work for the largest employment law support company in the UK.

Who is that then?

I'd rather not say. But a little research will give you your answer.

but I'm getting all sorts of sites coming back, can you be a little more specific?

 

[2scoops0406]

cashflow is king.

Cashflow is 'king what?

In that many companies go bust from a lack of cashflow, especially now, when suppliers demand cash or have slashed their credit terms.