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!