Debenhams chief executive, Rob Templeman, has made it clear he’s standing shoulder-to-shoulder with fellow retailers in lambasting the Government’s plan to implement the scheduled VAT increase (back to 17.5 per cent) on New Year’s Day. Asserting that chancellor Alistair Darling’s universally criticized decision is a “complete misjudgement”, pointing out that for Debenhams to change every [...]
Posts on ‘September 16th, 2009’
Second Great Depression shows sign of lightening
As the UK markets enjoy an end of summer bounce and the ghost of Lehman Brothers appears to be finally laid to rest, the chairman of the US Federal Reserve, Ben Bernanke, has determined that America’s worst recession since the Great Depression is, technically, “very likely” to be over. Mr Bernanke’s assessment is backed up [...]
