UK Finance Might Under-Go a Sea Change Soon!

The British economy is still working its way up on its feet. And the renaissance of the banking and financial sector is being led by the Cameron government, which has started looking into the financial domain for possible flare-ups of issues.


A committee formed by the government, which includes input form the important chartered accountants in London and similar larger firms, will advise and monitor the bigwigs in the banking industry. This is to stop what had triggered the Economic Recession of the 08-09 in the US – the “too large to fall over” mentality.

Although a lot of people are praising this foresight, it will only remain to be seen how effective the committee and the chartered accountants are against stopping the Brit government from falling back into the clutches of another slowdown.

However, the fact remains that the committee or the super-group(!) will be taking its time to make recommendations. It has been said that the group will be studying theses and banking notes on the current fiscal scenario and then would be making recommendations based on the same.

Although most prefer the breaking up of bigger banking sectors into smaller domains that would give more flexibility and fiscal security to both smaller banks as well as clients, it is still in the nascent stage.

What do you think? Is UK following in the red-faced footsteps of Greece? Or are they on their way back to a stronger financial market, quite akin to their Asian counterparts? Do let us know through your comments!

Economic Recuperation May Hit a Standstill in the UK

Chartered accountants in London and elsewhere in the UK are at the helm of the economic predictions again – and they do not have much good news to give! In fact a study has revealed that the worst after-effects of the economic lowdown is yet to be felt across the UK.


Akin to a crocodile, the tail of the recession is much more powerful and dangerous in its sudden and flash-like attack. And most of the firms, as the study by these chartered accountants have found, are inept in handling the backlash originating from the same.

The study found that though the government suggests a great growth and recuperation period for the economy, almost one-third of the SMEs are still grounded in the ashes of the recession. And according to the study, a compiled study of opinionated views of the UK economy from the chartered accountants in London has shown that one-third believe that it is weak or worse.

As traditional finance resources are ignored, the working capital of a lot of firms has dried up to the point of extinction. Add to this the issue of bad debts and the lack of protection against it – and you have a financial calamity waiting to happen again. A lot of accountants have compared the situation to the travesty of Greece’s economy before being ravaged by the recession.

So, from the perspectives of growth or performance, the economy is still on weak knees. And if it doesn’t grow string hands to hold on when the whiplash comes, the whole castle will come crashing again!