The UK Chancellor, George Osborne has given a clear signal that he is determined to introduce even more deep cuts for 2015. Will it damage the fragile recovery? Osbourne remains confident that his austerity measures are working but he still retains many critics who hope he is not too premature with his comments. With less than 4 months until a general election, business remains edgy over recovery prospects.
Poor results of large retailers announced in January 2015 following a dreadful Christmas trading period, gave rise for serious concerns. The UK is not out of the woods by any means, so caution on cashflow has to remain uppermost in most companies planning. In a recent Credit Management Index report there was comment that firms are marginally seeing a improvement in their cash collection.