There are times when all talk of fiscal prudence and balancing the books goes out the window. Those with long enough memories will recall that at the time of the Falklands War the Chancellor said that the Treasury would spend whatever it took, this was repeated during the financial crisis of 2008 and of course during both the 1 st and 2 nd World Wars to name just a few occasions where this has happened.
Of course, each crisis presents different challenges and Government needs to respond to the immediate challenge in the appropriate way. Of course, after such a challenge has passed, comes the reckoning, how it is to be paid for. This involved a significant squeeze on public spending after the First World War and grinding austerity after the second. The 2008 financial crash was followed by a decade long squeeze on public finances.
When we come through this crisis, there will be some significant future questions on the profile of taxes and Government expenditure. I hope to explore these in the coming months.
Services during current public health emergency
Understandably, all face to face presentations have been cancelled. However, Primondell has been working on contingency plans and is happy to provide seminars and courses remotely using technology such as Zoom which we have tested and found satisfactory.
Whilst this can never replicate all the qualities of a face to face presentation, we are happy to offer this for as long as the current crisis continues.
Please feel free to contact us directly or through your normal provider. In the meantime, we send our good wishes to everyone to keep healthy and safe.