"A Cheann Comhairle, the worst is over"

Listening to the Minister as he spoke yesterday I had not realised the power of government. Not since McCreevy's decentralisation wildcard have we seen such a dramatic announcement in a Budget speech.

HE ENDED THE RECESSION !!! "the worst is over"

Wow - Isn't this great news. However I wonder is this a message for us citizens or is this a message for the outside world - invest in us again, lend to us again, buy our products again.

Taking this Budget with the last 2, on balance, we have moved forward as an economy. The Minister flagged a long time ago that he needed to take €4bn in cuts. He DID. Indications for next year's Budget is that he will need to find another €3bn. On the basis that he only used up €2bn of McCarthy's menu of €5bn then he has some room without coming back to tax badly hit SMEs.

IF we are turning the corner then that's good news. He is leading and being positive... the right MINDSET.


So what was in it for SMEs?

• Car scrappage scheme - some glimmer of life for a badly hit industry

• Reduced excise duties - this will help retailers win back the cross-border shoppers
• 0.5% Vat reduction - marginal but a "feel good" initiative especially with UK VAT has been increased today by 2.5% - so a 3% reduction in the the border gap
  
• Appeal process for SMEs denied credit from the banks

You are a business owner, manager, advisor or lender. BUDGET 2010 is "ONE" factor to be taken into account.

I can help your business or your customer's business be better in 2010. I can implement advanced cashflow management techniques in the business which will improve business profits and impress the bank.

Please contact me now and we will meet soon to start the improvements. Please pass this email to colleagues, customers and contacts.

John Crawley FCCA FIB
“The Finance Expert”
Tel: 01 2110780
@ : john@crawleyandporter.com