The outlook for the UK economy is undoubtedly grim. Self-inflicted wounds heaped on top of an extraordinary period of global shocks have led the Bank of England to announce that it expects the UK to be in recession for a prolonged period, with inflation staying at around 10% well into the middle of 2023.
Business owners have been deciding to close operations in larger numbers than ever before (we are on trend for insolvencies to be up 25% compared to 2019, with director-initiated CVLs accounting for 89% of all company insolvencies between Q1 2021 and Q2 2022, a much higher level than pre-covid).
Outgoing Company Watch CEO, Jo Kettner, is featured in this month's Chartered Institute of Credit Management (CICM) magazine. Jo speaks about the criticality of confidence and knowledge to future business success.
Jo also shares some valuable tips on how to boost your knowledge during a time of uncontrollable external forces! 👍