Patrick Collier

Having worked closely with JLM for the past few years, we’re thrilled to announce that we’ve officially joined forces.

Why does raising interest rates not really work?

Historically, this is an easy problem to solve (or relatively at least). But for the UK economy, it is proving a stubborn pain the a*se!

What are we seeing? Well one thing’s for sure – it’s like nothing we have seen before!

In any business, what we need is confidence… Confidence in the product, confidence in the people that we work with, confidence in ourselves, each other, and the plan.

Guess what?

That is completely what is missing between the UK Government and the Bank of England!

All the big moves on the foreign exchange markets, with the Bank of England (BoE) at odds with the Chancellor, has just made things worse… But, who is to blame?

What is going on in the economy, and what does it mean? (+ Why interest rate rises won’t work!) A more dramatic economy headlines follow yet another, with explosive (and probably incorrect) language such as “inflation predicted to explode to 21%!”. So it goes on… and on. So, what is happening? And more importantly, what will happen?

Now this is controversial… I can actually get behind the Mini-Budget.

It is almost the exact opposite thing that Monetary Policy (traditional economics) says we should do!

When is the right time to ask for help? Running or managing a business takes a blend of passion, enthusiasm, work, empathy, and crucially – dispassionate pragmatism. So, the answer is: Invariably! As soon as something feels uncomfortable, you should ask for help. Too many business owners ask for help too late. The unfortunate result is that

Cash, Cash, Cash… It is time to re-iterate that keeping control of cash (and keeping positive bank balances) within a business is more important than ever! I know it seems obvious, but why is it more important now than usual? One of the biggest reasons has to be that banks or other financial institutions only like to lend