UK Firms Warned to Guard Against Risk of UK Sliding Into Recession Again
Summary
Although the focus will be on the impact that the tax and spending plans will have on UK consumers, Dennis Scott, Operations Director of Check That Company, says that businesses need to be wary of the knock-on effect they will have in the wider economy.“It’s important to be disciplined at times like this; the outlook is uncertain and we’d strongly advise every business to take appropriates measures to minimise the risk of bad debts and late payment.### Romford, United Kingdom, November 24, 2011 --( PR.com )-- Check That Company, the leading online credit checking service for small businesses, is warning UK companies to prepare themselves for a difficult few months ahead after the government underlined its determination to press ahead with spending cuts and new figures showed that UK household finances were at their weakest point for two years.While the government attempted to give hard-pressed UK businesses and consumers some relief by delaying plans for fuel duty rises, it is going ahead with other measures designed to cut the UK’s budget deficit.The index hit its lowest point since March 2009.Although the focus will be on the impact that the tax and spending plans will have on UK consumers, Dennis Scott, Operations Director of Check That Company, says that businesses need to be wary of the knock-on effect they will have in the wider economy.“It’s important to be disciplined at times like this; the outlook is uncertain and we’d strongly advise every business to take appropriates measures to minimise the risk of bad debts and late payment.