South West businesses buck the economic trend
Local businesses are feeling surprisingly positive about the current economic situation, despite the generally pessimistic view portrayed by the media. At a recent meeting organised by accountant Old Mill, solicitor Stephens & Scown, and banker RBS, local businesses came together to discuss topical matters affecting them. The inaugural Exeter Business Breakfast, held at the Exeter Golf and Country Club, revealed a surprisingly robust and resilient view of the current economic situation. “Business people attending the meeting bucked the general picture of doom and gloom, and were encouraged by the presentations given by the organising partners,” said Guy Eggleton, Corporate Finance Partner at accountant Old Mill. Businesses in the South West, apart from residential construction, had shown very few signs of being affected by the global downturn, said Kevin Butler from the Bank of England. Jolyon Stonehouse, managing partner of Old Mill, revealed a number of ways in which businesses could use the tax system to their advantage in harder times. And Laura McFadyen of Stephens & Scown debunked several employment myths, explaining how local businesses could best downsize their work force if necessary. “The picture is not nearly as depressing as some would have us believe,” said Mr Eggleton. “And with the proactive, practical tips given at the meeting, local business leaders went away refreshed and looking forward to the future.” The delegates also gave a warm reception for Carrie Cardale, who spoke about the NSPCC’s new appeal to support the Exeter Children’s Centre, proving that even in the current climate South West businesses are willing to help those less fortunate than themselves.