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October 2018

IT’S THE BREXIT EFFECT STUPID!

By Uncategorized
When I tell people that I am an Insolvency Practitioner, the universal response is almost always “Well you must be busy” - that and the fact that they usually take a couple of steps backwards. Now, when I tell people that I am an Insolvency Practitioner, most people say “Well, you are going to be even busier, what with the Brexit Effect” - and of course, the couple of steps backwards. In fact, the Insolvency Profession has not been busy for the last 7 years and, apart from a relatively small upward blip around the time of the 2008 financial crisis, the profession wasn’t particularly busy in the 7 years after the start of the new millennium either. Financial failure rates, for both individual and companies, have been on a long decline for many years now, but people’s perception is very different. And as Tom Peters, the American business guru,...
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