Okay so we saw it coming but did we really beleive it would actually arrive . I refer to the dividend cut from Tesco . Oh how the mighty have fallen. You may feel smug and reckon it is revenge for their wayward shoppping trolleys.
An accountant in business
I've been blogging on my website www.formationsdirect.com for some time with my non-PC view of the world of economics,business and other stuff. If you like to read the views of somebody who doesn't "toe the party line" you've come to the right place. Government cock-ups, financial turmoil , business scandals and people's behaviour - I've got something to say about it , whether you like it or not.
Actually , the real question lurking behind the headline is really this : - How do you explain to your staff that that they shouldn't expect a wage rise because fees have gone down.
We've undertaken a survey over recent months and asked accountants "Do you feel undervalued by clients ?" .
1/3 said they felt that way. This begs 2 questions : - (a) whether we find that surprising or not (b) why is this so
I really saw red this morning and almost choked on my Weetabix listening to Radio 4 . Insurance renewals now have to tell you how much you paid last year so you can see if you are paying more this year.
Traditionally us beancounters have been most reluctant to try and sell a 3rd party service to our clients .Most unprofessional , tut tut tut etc . This attitude was etched into the minds of apprentices and articled clerks year after year.
We are being treated to a slow motion interest rate rise by the Bank of England . It's fascinating and unprecedented . But for lots of people it is the start of a potential nightmare journey after several years of relative calm , a sort of Mexican stand-off.
Only days after being slapped in the face by UK voters the EU wants us to increase council tax. Only arrogance can lead to such behaviour.
To add fuel to the fire the Eurozone is an economic and fiscal shambles.
Big client formerly market leader that has branched out too wide and its clients are criticising it, with many seeking an alternative supplier. Restive workforce and directors who are perceived to run things for their own ends. Trouble is that the board are blaming everybody else,
Here we go again , reuslts at M & S blah blah blah . The question is whether it is a nice easy target for the media to bash or is it so newsworthy that our day must be constantly interrupted with it in the headlines . Does it really matter ?
I had tickets for Accountex 2014 but didn't make it , although I sent along a senior staff member . After debriefing him I found little in the way of surprises as to what to expect save for his reporting of which workshops and stands were busiest and how well they were attended.