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Markets Pricing Browns Credibility

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In the last few months Crash has acquired a new reputation; he constantly undercalls the bad news. GDP going to be -1.2%, you get -1.5%. Jobless going to be +80k, you get +130k, 2008/9 borrowing going to be £78bn, well it'll be £120bn.

When a business is having a hard time (and I can tell you this from personal experience 5 years ago) you make sure external bodies know the bad and know what you're doing to turn it round. You do that professionally and deliver and your credibility goes through the roof, people trust you and you're safe. You do the opposite and you're dead meat.

This denial and undercalling will become factored into the markets. That could crash the currency far faster than the real problems.

The other thing a business having a bad time often does is recognise the guy at the top is an obstacle to confidence building. He has to go; only a new guy can come in, cough to someone else's mistakes, clear the decks and get the goodwill to start again.

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As an Insolvency Practitioner, we urge companies to be honest with creditors about the difficulties they are facing.

If you are honest with them they are more likely to help you out and work with you, lie to them and they will petition to wind your company up.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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