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Archives for: March 2008, 14

The Budget

by tryme1 @ 14.03.08 - 22:52:34

I'm feeling obliged to post something about the budget.

There are far, far more qualified people than me to comment on the implications of this particular budget, but the overall tone of response is far from positive.

The Daily Mail and Daily Telegraph describes it as the dullest in history, while The Times concurs, suggesting that it will also be unpopular.

For some more in depth analysis of the possible consequences, Bloomberg feel that the combination of no tax rises plus increased borrowing will squeeze UK businesses while The Financial Times questions whether the Chancellor's economic forecasts are accurate.

My own view is that this is an extremely cautious budget that attempts to just weather an oncoming economic storm without really providing the tools necessary to do so. Taxing drinkers and petrol is hardly the way to do it, is it?

Employees In 'Not Always Scrupulously Honest' Shocker

by tryme1 @ 14.03.08 - 22:00:10

For some reason, this article predicting an 'Enron style scandal' in the UK seems to be generating a lot of interest at the moment.

The essence of it is that, according to a survey commissioned by a document management company, "89 per cent [of senior IT professionals] claimed that someone at their company had the capability to tamper with or lose documents to suit their own ends."

This, apparently, has the potential to lead to an Enron-style accounting scandal.

Quite why the fact that employees are not always utterly honest and could commit crimes is such a story, I don't know. But I do commend document management software company Version One, who commissioned the research, for getting their press release such wide coverage. Much respect.

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