Insolvencies in Britain's IT distribution channel have plummeted to pre-global economy meltdown levels according to credit reference agency Graydon UK. Some 57 companies went under in the fourth quarter of 2012, representing a fall of more than 35 per cent on the same period a year ago when 88 businesses went to the wall. The …
Let's not celebrate prematurely, Comet hit the rails in Q4 as did many other retail businesses. Here we are in Q1 and Jessops hits the buffers. Next two years will sort out the men from the boys and I can see some medium to larger players in the IT sector toppling over too.... no names of course..
Will the last channel to close
please shutdown the server.
But which day of the week?
In December, analysts in the money markets said interest rates are expected to drop further from today's 0.5 per cent in mid-2014, rise back up to 0.5 per cent in February 2015, climb to 0.75 per cent mid-2017 and reach one per cent at the start of 2019.
These would be the same analysts who didn't even see a recession coming, but now are cheerfully quoting to one quarter of a percentage point in a given month six years in the future. In fact the error box on this must be so large that it would be more use for the commander of the San Diego Naval Base to say "one or more submarines lies or will lie somewhere to our west" (ie in the whole freaking Pacific). El Reg's mission in life used to be whacking this sort of hucksterism out of the court, not solemnly reprinting it in some BBC-news-ish "he said, she said, we've regurgitated" way