This week leading financial chiefs have voiced fears that the economy may be heading for a double dip, labelling the country at a 34% risk of slipping into a repeat of last years recession. With the risk that things may not be improving office furniture supplier BT Office advises businesses to think carefully about new purchases and business changes.
A double dip recession is characterised by an initial low followed by a sharp growth, only to experience another dip, occasionally more severe than the first.
The fears stem from the cuts issued by the Government, although they are essential to restore the nations economy they could pose a threat, proving to be too much and tipping the economy back into a recession.
The Bank of England has been called upon to jump in and help the economy back to health, enabling the country to avoid the double dip all together. So it may not be time to despair just yet; there are some positives in amongst the negatives.
Keeping costs low when a business is in its fledgling stages is important, but some money must be spent. For example, an office will always need furniture, whether it is for 3 or 30 people. BT Office Furniture offer modern and stylish economy office furniture at realistic prices. With complete ranges offering desks, chairs and storage all at honest prices, a new business can display a professional front without spending all their capital on chairs.
Although it does seem that the lifestyle of budgeting shows no signs of disappearing just yet, life itself still goes on. Amongst the doom and gloom there are a few beams of light, new credit is available with cost at an all time low. Coupled with the falling rent prices making it cheaper to obtain offices, a well thought-out business plan for a new business may offer amazing opportunities for the brave.