Saturday 22 February 2014

Money no Object for Floods


Money no Object


David Cameron said in his speech which will haunt him for a long time, that “Money is no Object” to support the clean up campaign. Each household will be eligible for payments up to £5,000 to support the clean- up operation. Money is no object, because the UK is a rich nation, said Cameron.


Cameron said the Government were taking decisive action across the board. About 6,500 homes have been affected by flooding since December, and the prime minister has said "money is no object" to support the clean-up operation.
The government's Repair and Renewal Grants of up to £5,000 will be open to all homeowners and businesses affected by flooding between 1 December last year and the end of next month.


They will not cover the damage or losses already suffered.


Claimants will be eligible for payments of up to £5,000, to help cover future protection for properties. Work will begin after a survey has been completed by "a competent professional."


Cameron said "We are helping people who need help now and protecting communities who need protecting in the future." By that I think he means the 3 month period when people who have suffered, will not have to pay council tax.
The scheme will be run and funded by local councils, who will expect to be reimbursed by the government in the future.


Details of the £10m fund for farmers to help restore their waterlogged land, has not been announced yet. Presumably if the government leave it long enough, the land will have been restored naturally.


If the total number of properties affected by the flood stays at the level of 6,500, and the government doesn’t go back on its word, it will cost the government just £32.5m sometime in the future.


If you are of the opinion of the majority, that the floods wouldn’t have been as bad had the government not cut the Environment Agency Budget by £100m, you may also consider that we aren’t the rich nation Cameron says we are, but at least we have a caring government, that is if you believe what the coalition said when they came to power.

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Wednesday 5 February 2014

Slow Start to 2014

Slow start to 2014.


Although the UK has started to show growth, all be it not across all sectors, the rest of Europe is lagging behind.


Caution is still the watchword.

At RFT Express we have one company where we would expect to see 150,000 garments in the warehouse, they are just dipping their toe in the market with a mere 300 men’s suits in the 2014 range coming in.

RFT are just receiving bookings for the N.E.C. Moda and Beta exhibitions in mid February. These are from companies who have missed the last couple of years from showing at this venue. Normally these exhibitions are filled months before, which just prove how bad take-up of units in these exhibitions has been, and still is.

High end Fashion News


The top end high fashion has done very well during the last 5 years, and yet according to Pambianco, Prada shares on the Tokyo Stock Exchange have fallen 30% to 22 Hong Kong dollars.

They also report that according to an unnamed source Avon France is to enter receivership.
Meanwhile Argentina is to bring in new taxation to curb online sales from outside of Argentina.

Light at end of tunnel


Back in the UK and we could be seeing the light at the end of the tunnel, but I still think caution is the word for 2014. For those companies who have struggled on through the recessions, 2013 was probably the hardest for most companies.
A lot of companies could tell we were coming out of the downturn created by the austerity plan, but with austerity expected to go on for another generation, it seemed to be that companies decided not to follow the coalition lead of cuts, but rather to create prosperity and growth instead.
We are still struggling with red tape in the UK, take a quick look at the amount of red tape involved in applying for an operator’s license to put a trailer on a transit van, in order to reduce delivery costs.
The UK is going through a dificult time, with David Camaron's proposed 'in-out referendum' on the EU, and the possibility of Scotland leaving Great Britain, both creating instabiity in cvompany planning.

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p.s.
If you are stuck for something to buy your loved one this spring, Louis Vuitton is launching a new range of handbags, starting at 40,000 dollars. The dearest being a black crocodile leather handbag with a goatskin lining for a mere 48,000 dollars.