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BusinessRiskTV.com is a platform that helps businesses identify, assess and manage risks in their operations. One of the tools it provides to achieve this objective is Business Watch, a feature that enables business owners and managers to stay informed about the latest developments in their industry, as well as economic, political, and social trends that can affect their operations.
Business Watch is a subscription-based service that provides users with a wide range of information and analysis on various topics that can affect businesses. Some of the topics covered by Business Watch include global economic trends, industry-specific news and developments, regulatory changes, and geopolitical risks. Users can access this information through a variety of channels, including email newsletters, social media, and the BusinessRiskTV.com website.
One of the benefits of using Business Watch is that it helps businesses stay ahead of the curve by providing them with timely information on emerging risks and opportunities. By keeping a close eye on the latest trends and developments in their industry, businesses can adjust their strategies and operations accordingly, and position themselves for success in the long run.
Another advantage of using Business Watch is that it helps businesses save time and resources by providing them with a centralised source of information on risk management. Instead of spending time and resources on research and analysis, businesses can rely on Business Watch to provide them with the insights and information they need to make informed decisions about risk management.
Overall, Business Watch is an essential tool for businesses that want to stay informed and ahead of the curve when it comes to risk management. By providing users with a wide range of information and analysis on various topics, it helps businesses identify, assess, and manage risks effectively, and position themselves for success in the long run.
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Navigating the Uncertain Seas: Key Elements for Your 2024 Risk Management Plan
As we stand at the precipice of 2024, the economic landscape appears shrouded in a veil of uncertainty. The IMF warns of a “fragile recovery,” the ECB echoes concerns of “heightened financial stability risks,” while the Bank of England and the Federal Reserve contemplate further interest rate cuts. In this climate of volatility, having a robust risk management plan in place is no longer a mere option, but a critical imperative for business leaders.
This article, penned by an experienced business risk management expert, serves as your guide in navigating these uncertain waters. We will delve into the key elements you must include in your 2024 risk management plan, drawing on insights from leading global financial institutions to equip you with the tools necessary to weather the coming storm.
1. Embrace a Forward-Looking Perspective:
Traditional risk management often adopts a reactive stance, focusing on mitigating known threats. However, in today’s rapidly evolving environment, such an approach is akin to navigating a storm with outdated weather charts. In 2024, it is crucial to adopt a forward-looking perspective, actively scanning the horizon for emerging risks and proactively constructing safeguards.
The IMF stresses this need for vigilance, stating, “Global risks remain elevated, and policymakers need to be prepared for potential shocks.” This necessitates incorporating scenario planning into your risk management framework. Consider various plausible economic, geopolitical, and technological scenarios, and assess their potential impact on your business operations. By anticipating potential disruptions, you can develop adaptive strategies that allow you to pivot and thrive even in unforeseen circumstances.
2. Prioritise Financial Resilience:
With central banks hinting at interest rate cuts and a potential economic slowdown looming, financial resilience should be at the core of your 2024 risk management plan. The Bank of England warns of “heightened vulnerabilities in the financial system,” highlighting the need for businesses to shore up their financial reserves. You need to get ready to seize new business opportunities as well as threats in 2024.
Here are some actionable steps you can take:
Conduct thorough stress testing to assess your ability to withstand various economic shocks.
Diversify your funding sources to reduce dependence on any single lender.
Tighten control over operational costs and implement measures to improve cash flow.
Build financial buffers to weather potential downturns.
Develop your ability as a business to be more innovative.
Remember, a robust financial position provides a critical safety net during turbulent times, allowing you to seize strategic opportunities while your competitors struggle.
3. Fortify Your Cybersecurity Defenses:
The digital landscape is increasingly fraught with cyber threats, ranging from sophisticated ransomware attacks to data breaches. As the ECB aptly states, “Cybersecurity risks remain a key source of financial stability vulnerabilities.” In 2024, businesses must prioritise fortifying their cybersecurity defenses to protect sensitive data and critical infrastructure.
Here are some essential steps to take:
Invest in robust cybersecurity software and regularly update it.
Implement rigorous employee training programs to raise awareness of cyber threats and best practices.
Conduct regular penetration testing to identify and address vulnerabilities in your systems.
Develop a comprehensive incident response plan to effectively handle cyber attacks.
Remember, a single cyber breach can inflict significant financial and reputational damage. By prioritising cybersecurity in your risk management plan, you can safeguard your business against these ever-evolving threats.
Here are some ways to cultivate a risk-aware culture:
Encourage open communication and transparency regarding potential risks.
Empower employees to report concerns and participate in risk identification processes.
Regularly train employees on risk management practices and procedures.
Reward employees for proactively identifying and mitigating risks.
By embedding risk awareness into your corporate fabric, you empower your employees to become active participants in safeguarding your business, creating a more resilient and adaptable organization.
5. Embrace Agility and Adaptability:
The volatile economic landscape of 2024 demands agility and adaptability. As the IMF aptly puts it, “Uncertainty remains high, and flexibility will be key.” This means being prepared to adjust your strategies and operations as circumstances evolve.
The year 2024 promises to be a year of economic uncertainty and potential turbulence. However, by incorporating the key elements outlined in this article, you can develop a robust risk management plan that safeguards your business and positions you for success. Remember, effective risk management is not a one-time exercise, but an ongoing process. Continuously monitor the evolving landscape, update your plan accordingly, and foster a culture of risk awareness within your organisation. By remaining vigilant, adaptable, and financially resilient, you can navigate the uncertain seas of 2024 and emerge stronger on the other side.
In closing, let us leave you with the words of Christine Lagarde, President of the European Central Bank: “Resilience is not built overnight. It requires constant vigilance, preparedness, and adaptation. Let us be the generation that builds stronger foundations for a more resilient future.”
The International Monetary Fund (IMF) has been criticised for its wild economic forecast swings for the UK in 2023. In April, the IMF predicted that the UK economy would contract by 0.3% in 2023. However, in July, the IMF upgraded its forecast to 0.4% growth. This sharp reversal has led some to question the IMF’s credibility and to suggest that it is politically motivated.
There are a number of factors that could explain the IMF’s wild forecast swings. One possibility is that the IMF was simply wrong in its initial assessment of the UK economy. The UK economy has been facing a number of challenges in 2023, including rising inflation, a cost of living crisis, and the ongoing war in Ukraine. However, the UK economy has also shown some resilience in recent months. GDP growth has been positive, and unemployment has remained low.
Another possibility is that the IMF was caught off guard by the UK government’s response to the economic challenges. In April, the UK government announced a number of measures to help businesses and consumers cope with the rising cost of living. These measures included a windfall tax on energy companies and a cut to fuel duty. The IMF may have underestimated the impact of these measures on the UK economy.
Whatever the reason for the IMF’s wild forecast swings, it has led some to question the organisation’s credibility. The IMF is an influential organisation that provides economic advice to governments around the world. If the IMF cannot be trusted to provide accurate economic forecasts, then its advice is less valuable.
The IMF’s credibility has also been damaged by its previous inaccurate predictions. In 2008, the IMF predicted that the global financial crisis would have a limited impact on the UK economy. However, the UK economy was one of the hardest hit by the crisis. The IMF’s inaccurate prediction led some to question whether the organisation was too close to the financial sector and whether it was not willing to challenge the status quo.
In addition to its inaccurate predictions, the IMF has also been criticised for its political bias. Some critics have argued that the IMF is more likely to give favourable advice to countries that are aligned with the United States. For example, the IMF was criticised for its handling of the Greek debt crisis. The IMF imposed harsh austerity measures on Greece, which many believe exacerbated the country’s economic problems.
The IMF’s wild forecast swings for the UK in 2023 and its previous inaccurate predictions have led some to question the organisation’s credibility and to suggest that it is politically motivated. The IMF will need to do more to restore its credibility if it wants to maintain its influence in the global economy.
In addition to the points raised above, there are a number of other factors that could be contributing to the IMF’s wild forecast swings for the UK. These include:
The complexity of the global economy, which makes it difficult to predict with certainty how events will unfold.
The uncertainty surrounding the UK’s future relationship with the European Union.
The changing political landscape in the UK.
The IMF is a valuable organisation that provides important economic advice to governments around the world. However, the IMF’s credibility has been damaged by its wild forecast swings and its previous inaccurate predictions. The IMF will need to do more to restore its credibility if it wants to maintain its influence in the global economy.
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Exploring preparation for a global recession with a businessrisktv.com
What happens to commodity prices in a recession
The coming global recession will slash demand for oil copper and the like. Prices for most commodities will fall. If the world falls into depression commodity prices will fall off a cliff including oil.
Some prices can rise temporarily as people seek a safe haven. People may flee to gold or a few commodities that they think will safe harbour their money during a recession. However a depression, which is more and more likely, causes most commodity prices to collapse.
June’s weaker demand for commodities signals that an economic global recession is coming closer.
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Global recession is necessary to stop runaway global inflation. The hard landing is the only option now available due to the lacklustre response to control inflation by Central banks and global national government.
Agricultural demand and energy demand is likely to keep rising during the autumn and winter and will sustain high commodity prices. This is likely to be aggravated by poor geopolitical decision-making by incompetent national leaders and global bodies like WHO, UN and WEF puppet masters and pied pippers particularly as it relates to food, water and energy. It is likely that another health crisis will emerge in the autumn winter and spring and this is likely to be managed in a restrictive way due to the propensity of these international bodies to take more and more health and economic risk management control. In addition, as demand falls due to rising inflation it can be combined with increased supply chain disruption imposed by recommended risk management action by international bodies that national governments adopt. Worse WHO wants overseeing overriding control of the next wave of the pandemic or next health pandemic.
Demand is likely to stay the same or slightly lower, but our leaders can change the supply up or down with their decisions. Reducing supply will push up prices.
Global stagflation is a certainty. When not if.
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Global commodity prices
Wheat and oil future prices are down in June based on the most actively traded futures. Weaker commodity prices in June indicate we are transitioning to a global recession. Although commodity prices will fall, inflation will increase and stay high whilst growth turns to recession. For example there will be less demand for oil, oil prices will fall, but prices of goods and services will remain high.
Surviving global recession: how do you prepare for a recession
Businesses that can offer business discounts and consumer discounts are more likely to survive as more people become price conscious.
Businesses that supply essentials or luxury items at a discount offer more in the marketplace compared to those businesses who have let their own costs of being in business balloon and cannot offer deals and discounts.
Discount grocery and retail stores tend to have more footfall during a recession. Many supermarkets take advantage of their customers during the good times and suffer a loss of business and profitability when recessionary precious hit the consumers household budget.
People still die during recession! After the management of global risks over the last two years more people will die. businesses which cater for death are likely to perform strongly throughout a recession.
People turn to drink and drugs during a recession! Businesses providing alcohol and drugs will perform strongly during the coming recession.
You still have to pay your taxes! Accountants and tax advisors are likely to still perform well during the recession.
Everyone can afford a bit of lippy! Cosmetic businesses can perform well during a recession.
As for the rest of businesses, they must fully understand what’s important and what is not for their particular business model. Offering more value for money will become more important.
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The pandemic, the war, the energy crisis, the food crisis and the health crisis will create economic chaos over the next couple of years. That does not mean you might as well shut up shop and go home! When chaos causes other business leaders to fold you need to become even more creative, flexible and dynamic. To prepare for the ensuing economic disaster you need to build on your hard work managing effects of pandemic to cover more issues including continuing supply problems, rising costs and bad debt. You may have thought that now a couple of years after the pandemic started you could start to breath more easily. Unfortunately the economic effects of the pandemic were smoothed out with unprecedented monetary support from global governments. However their magic money tree has died! You are on your own now. Now we will see who really are the good business leaders.
We do not yet know and will never know with certainty, what key risks we will have to deal with in business. This is why we are horizon scanning for you. Our risk management experts are analysing and assessing new risks. We are researching and developing new risk management solutions. Subscribe for free to BusinessRiskTV to keep up to date with potential new threats and opportunities for your business.
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Discover more about ebola virus. Identify ways to prevent ebola contraction and spread. Review current ebola virus pandemic risk.
The World Health Organisation WHO declared the Democratic Republic of Congos ebola outbreak as an international health emergency
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19th July 2019 Ebola Outbreak Crisis Worsens
The risk of global pandemic is very low but locally the number of deaths continues to climb. 1600 people have been killed by ebola virus in the DR Congo.
11000 people died in last ebola epidemic in West Africa from 2014 to 2016
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The current large ebola outbreak has not yet resulted in restrictions on travel or trade but the rate of deaths is accelerating.
A further factor in the spread of ebola in the region is the attacks on healthcare workers. This makes it even more likely that neighbouring countries could be seriously affected by the outbreak in the DR Congo.
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Managing uncertainty is a daily business dilemma. Business leaders have internal and external risk factors driving uncertainty in business. Often this uncertainty can lead to poorer business performance or even catastrophic business failure.
We are developing a business risk management hub to help inform your leadership team. Reduce the impact of uncertainty on your business success.
Various risk management identification tools and techniques will bring emerging risks to your attention
Our Partners analysis country and industry risks
Inform your attitude to risk and take a more balanced risk based approach to business management
Our free enterprise risk management resources provide a free risk insight to the risks that matter to your business prosperity and even survival. Develop your risk knowledge for free.
Join in our online risk management discussions workshops and training sessions to hone your risk management skills and ability.
Leaders can manage uncertainty in various ways. Some bury their head in sand. Others adopt a belts and braces approach to risk control incurring imbalanced costs to benefits.
We can not guarantee you greater business success. We can help inform your business decision making process. You will be more likely to make better business decisions.
When facing doubts or uncertainty many business leaders turn to their gut instinct. Rolling the dice may turn up the result you are aiming for. This may work for you. However better risk management information may enable you to choose a different path. Or it may over procrastination to drive forward growth with more confidence. Not making a decision can be as bad as instinctively shooting off blindly.
Dealing with uncertainty better can help you navigate around pitfalls your competitors fall into. Help guide your business to greater success with less uncertainty. Manage uncertainty more cost effectively.
Leaders can use risk management principles and practices to take the next step towards success with more confidence.
Leaders can prepare themselves and their business to face the uncertain business environment to control threats and seize new business opportunities.
Leaders must learn to manage uncertainty better but they need not do this alone
Free subscription to BusinessRiskTV can support your business improvement plans.
Subscribe to BusinessRiskTV for free for tips advice and help to manage uncertainty better
Meet the challenges to your business with more confidence. The world is facing growing uncertainty. Adjust your business strategy to account for the significant risks impacting on your business objectives.
Join more than 27000 people interested in better enterprise risk management.
Read business risk management articles relevant to your enterprise.
Watch videos to inform your business decisions making.
Pick up ideas from top business thought leaders to grow your business faster with less uncertainty.
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Find out how innovation can help your business grow faster. Innovation is crucial for your long term success and business sustainability. BusinessRiskTV business innovation reviews. Making innovation more useful.
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The latest news videos and discussion topics on business innovation.
Reach influencers key decision makers and the business leaders who will buy from your business
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Find out how to protect and grow your business better with BusinessRiskTV.com
Business risk manager service with BusinessRiskTV. Want help to protect and grow your business faster? Find out more about our free business risk management online service. Network with top business thought leaders locally and globally.
Best practices in risk management with BusinessRiskTV.com
What are the main industry risk factors affecting your business success or failure today and tomorrow
Want to know more about the threats or opportunities within your industry?Need to develop your knowledge and skills at managing your industry risks? Find out more about industry risks management with BusinessRiskTV.
Find the best risk expert for your country or industry with BusinessRiskTV entering code #IndustryRiskManagement
Inform the way you think about your industry risks. Consider changes to the way you manage risk. Reduce the threats to your business. Open up new business development opportunities. Stay on top of key industry risk factors.
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Introducing the BusinessRiskTV Industry Risk Management Forum
BusinessRiskTV industry risk management forum enables members to contribute to BusinessRiskTV. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers industry business risk management decision making.
Boost your sales more profitably
Increase your network of business contacts
Protect your business uncertainty negatively impacting on your business
If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to industry risk management forum today.
Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through
business networking with key business decision makers locally and globally
improved risk assessment via better business intelligence
reduced cost of risk control via deals discounts and special offers
Build a more successful and sustainable business more easily with BusinessRiskTV Industry Risk Management Forum.
Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement
Join the BusinessRiskTV Industry Risk Management Forum and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.
The Forum is free to join. Then you choose whether you want to contribute to BusinessRiskTV to promote your own business and inform online readers. You pay an annual membership fee to regularly contribute to BusinessRiskTV and promote your business interests cost effectively.
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Key benefits of BusinessRiskTV Industry Risk Management Forum and reasons to join and contribute today
Free to join. There is no cost to join the forum. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
Free business intelligence to inform your decision making to build your business resilience. Forum members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement
FAST GROWING LOCAL AND GLOBAL BUSINESS RISK MANAGEMENT CONNECTIONS
BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club members to tap into for business tips advice and support.
The BusinessRiskTV Industry Risk Management Forum is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Industry Risk Management Forum is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement
You are in control of your relationship with us
In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.
You are always in control of your subscription to BusinessRiskTV Industry Risk Management Forum. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.
We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.
Examples of business intelligence and business growth features on BusinessRiskTV
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Frequently Asked Questions FAQs
Is BusinessRiskTV Industry Risk Management Forum free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Industry Risk Management Forum? It is free to join the forum. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Industry Risk Management Forum. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement
Discover the simple and affordable way to manage your business risks better
Manage business risks better by country by industry and by specific types of business risks. Join our business risk management club for free.
Introducing the BusinessRiskTV Business Risk Club
BusinessRiskTV business risk management active members club enables members to contribute to BusinessRiskTV for free. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers business risk management decision making.
Boost your sales more profitably
Increase your network of business contacts
Protect your business uncertainty negatively impacting on your business
If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to BusinessRiskTV Club today.
Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through
business networking with key business decision makers locally and globally
improved risk assessment via better business intelligence
reduced cost of risk control via deals discounts and special offers
Build a more successful and sustainable business more easily with BusinessRiskTV.
Join BusinessRiskTV Business Risk Management Club Today For Free enter code #RiskClub
Join the BusinessRiskTV Business Risk Club and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.
The Club is free to join. Then you choose whether you want to contribute to BusinessRiskTV to promote your own business and inform online readers. You pay an annual membership fee to regularly contribute to BusinessRiskTV and promote your business interests cost effectively.
Key benefits of BusinessRiskTV Risk Club and reasons to join and contribute today
Free to join. There is no cost to join the club. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
Free business intelligence to inform your decision making to build your business resilience. Club members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Fast Growing Local and Global Business Risk Management Connections
BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club meMbers to tap into for business tips advice and support.
The BusinessRiskTV Club is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Club is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Founder of BusinessRiskTV Risk Management Club
Read Keith Lewis Testimonials as to the quality of his work. This gives some background as to the quality of the business risk management business intelligence being gathered and distributed.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
You are in control of your relationship with us
In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.
You are always in control of your subscription to BusinessRiskTV club. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.
We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.
Hands Free Business Growth and Development Of Your Business
One of the great strengths of the BusinessRiskTV business risk management club is that members do not need to know how to market their business online. You can simply email us the message you want to promote and we can connect you with more new potential customers or other business leaders.
You can read business risk management articles or watch videos for free including business risk management expert opinions and analysis to inform your own business decision making process.
After you join the club you can just use it as a simple way to be kept up to date on emerging and developing corporate risks impacting on your business objectives.
Sit back and receive email alerts to important business risk intelligence to develop your risk management knowledge. Alter your business risk management plan accordingly based on expert risk analysis. Alerts bulletins and news have the potential to build your business resilience and business growth.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Boost Your Business Growth
BusinessRiskTV Club could be very profitable for your business if you contribute to the content and connect to your business. There are no guarantees of returns but membership of the club expands your options for greater business success and business resilience. There will be failures. That is the nature of business marketing and development. However you will get access to innovative flexible ways to grow and protect your business better. We will minimise the cost of uncertainty impacting on your business objectives over time. At the same time we will increase the chances of become a market leader in your industry and country.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Frequently Asked Questions FAQs
Is BusinessRiskTV Club free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Club? It is free to join club. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Business Risk Management Club. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers to help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
What is happening in the world of business risk management with BusinessRiskTV.com
Inform your business decision making process. Make better decisions in the light of latest risk management reviews.
Business risk news articles and videos live online
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Latest business risk management news analysis and reports for free online. Designed to help you increase your risk management awareness and business risk knowledge.
Protect yourself and your business better. Grow it faster with less uncertainty
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How well prepared is your business to external enterprise risks? Do you manage your internal corporate risk drivers cost efficiently? What risks are on the horizon or are currently trending which could impact on your business objectives.
Manage your key business risk challenges better to manage with less uncertainty. Pick up business risk management tips to prepare and protect your business better.
Engage your talented workforce in better business protection and faster business growth for a brighter better future in business.
Defend against your competition taking your customers or potential new customers.
Disrupt your marketplace to win new business and market share.
Build business resilience more easily.
Tune in to BusinessRiskTV to read risk management articles commentary and risk reviews.
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Receive email alerts to BusinessRiskTV news alerts and Risk Review Bulletins. Watch business risk live and on demand business and economy videos.
Managing the business risks in your target country
Country risk analysis and assessment
Business leaders with specific country risks in mind share business management risk insight and experiences. Ask for guidance and build valuable connections.
You can find your country risks by using this website search facility. You can also create your own networking group business club or web page to market promote and advertise your business.
Quickly and easily subscribe to BusinessRiskTV for free today
Once you subscribe to BusinessRiskTV you are able to connect with like minded leaders in business innovation and management. Join members online live discussions webinars and workshops. Find answers to your business questions for free
Find your country on BusinessRiskTV via website search function
Start a conversation about your country risks
Contribute to your country risk problem solving
Communicate with your country business leaders
Subscribe for your country risk workshops leader discussions and online executive training.
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Online interactive small business risks management workshops. Solve SME business problems quicker. Save money and time with BusinessRiskTV online group meetings from anywhere with wifi connection.
BusinessRiskTV Online SME Conference
Subscribe to SME Conference free alerts and bulletins on upcoming online workshop events
Speak to SME business growth experts and risk management experts online
SME online business conference to protect SMEs better and grow business faster with less uncertainty.
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Develop flexible risk knowledge and business intelligence to sharpen your business management skills for free.
Get access to our free small medium sized business management magazine for UK business owners and business leaders. Read articles on what matters for SME leaders in UK today.
Livestream SME business management videos or watch on demand. Pick up SME business management tips advice and business intelligence focusing on all the things that matter for SME owners and managers.
Have your say and give us your ideas on business economy and lifestyle for publication on BusinessRiskTV.com
How do you become a citizen journalist? Read citizen journalism articles.
Play an active role in news gathering opinion forming and risk reviews. Read business risk management articles and view videos from BusinessRiskTV Citizen Journalist. Inform your business decision making by listening to people at the sharp end of the global and local business and economy. What are top business leaders in UK and around the world saying and thinking? Our network of business risk experts and business leaders offer their view of the worlds threats and opportunities.
Take control of the news on the streets online. Play your part in the process of collectible reporting analysing and disseminating news and information locally and globally.
BusinessRiskTV Top Business News
Looking for ordinary members of the public to report news events and business leaders or risk experts to help inform our readership
Use your own equipment social media accounts and ideas. Spread the latest information real news and own insight. Report the facts your opinions and your conclusions independent of traditional news outlets.
Use a range of digital media to present a new style of journalism online. Take an active role in creating the news and critiquing local and world events. Seize the opportunity as an amateur journalist to spread the word.
Do you have an interesting business story? Do you have an opinion on your local or global economy? Want to discuss or debate a pressing enterprise risk problem? Have a Press Release you want to spread further? Join our online business enterprise risk management community for free. Send your pictures or video to [email protected]Â
Breaking news stories and features updated and published here. Come back for more news opinions debates and business reviews. You can receive breaking news reports and features on your smartphone tablet pc or TV. You can also follow @ERMuk on Twitter to get the latest news views and reviews.
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Find out what you need to know in business today. Connect with business risk management experts around the world. Make better decisions for your business. Reduce the effect of uncertainty on your business performance.
Keep up to date with business and economy news. React quicker to business threats and opportunities. Protect your business better and grow faster.
Our business risk management hub gathers in key business and global economy corporate news which could drive your business forward faster or knock it off course.
What is happening in the world of business finance and the global economy? How could this impact on your business plans? How do you need to change to survive and prosper?
Understand your business risks with enterprise risk analysis on BusinessRiskTV for your country or industry
Looking back at past mistakes to make future better
In order to move forward we must look back. If we want to create a better future for our businesses we need to learn the lessons from the mistakes of the past.
BusinessRiskTV : the business and economy headlines, the risk analysis, the risk management debates – sent direct to your mobile device, PC or TV
Sometimes you have to look back to move forward
Nobody wants to make mistakes. Where they have been made we should not repeat them
Achieve what we want from business decisions quicker and easier
Reduce risk of duplicating past mistakes by learning the lessons
Benefit from others mistakes as well as your own mistakes
Learn how to use past mistakes to make business better. Undertake risk reviews to check what went wrong and why. Develop real risk insight to build your business intelligence.
Often we learn more from failure than success. Ultimate business performance can be higher after lessons learnt. Not reviewing risk management errors condemns you to repeating them.
Transform your business on back of past mistakes. Your past mistakes can be the foundation of your future success. However do not dwell on past mistakes. Learn lessons move on but do not keep picking wounds.
Step into your future by looking back at past mistakes
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Collaborate with business leaders around world. Learn lessons from their mistakes and from businesses not in the collaboration. Review business mistakes so we do not suffer same fate.
Manage business risks better with BusinessRiskTV.com
An holistic business risk management approach ensures the best use of business resources.
How To Manage Risk In Business
Practical ways to manage risk better. Tackle common business risks holistically enterprise wide. Learn best practice risk management techniques in business.
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Its not about how to reduce risk
External or internal driven risks threaten your business. They also create new business development opportunities. Reducing the effect of uncertainty on your business is important.
How do you manage enterprise risks? Do you put risk into different silos like safety, insurance, cyber risk, sales strategy etc? They can be rolled into one holistic risk based approach.
What is the most effective way for a business to manage risk? Look at what you are trying to achieve? Could you achieve more with your existing assets? Has good luck been saving you from disaster?
Understand the bigger picture first. When you know what risk you have then manage it.
There is danger being in business. Danger that you could blow your value. Danger you could under perform.
Join the discussion on how to manage risk in business better
Campaign for better manage of enterprise risks. Join the discussion on business risk management for free from your twitter account.
Manage Business Risks Better
Read more about business risk management. Watch videos online from your phone pc or tablet
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Enterprise risk management articles. Latest news opinions and product and service reviews. Engage with your peers. Ask the experts for help to overcome your risk management problems.
Read more and watch more videos online. Develop your risk knowledge to improve business performance. Sign up to BusinessRiskTV.com for alerts to latest in business risk management.
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Enhance health and safety performance of your enterprise in UK with BusinessRiskTV.com
Developing A Positive Health and Safety Culture
BusinessRiskTV on promoting a more positive safety management culture in the UK. Good safety management practices can improve business performance. Understanding how to manage safety risks better will help business leaders understand how their business is working in areas that are not safety related.
Benefits Of A Positive Health and Safety Culture
Successful businesses have positive risk management cultures including positive safety management systems procedures and processes. Good businesses tend to have good safety management systems.
Promoting good health and safety culture is about changing attitudes at all levels of the organisation from the top down. Changing behaviour begins with changing attitudes to risk and everyone has to take responsibility for safer working environment.
Just as managers and co workers can facilitate or encourage poor safety practices, managers and co workers can promote better safety management practices.
Our guide to the features and benefits of a positive safety management culture :
Download free safety management guides and whitepapers. Tune in to our online safety management guidance webinars to learn how to improve safety management in your business or public sector enterprise.
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Pick up safety management news tips advice and support to improve safety management in your business. Read safety product and safety service reviews.  Watch safety management videos online. Join in online safety management debates and discussions. Learn from our safety management expert panels in online talks and question and answer sessions.
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UK Business Leaders Finding Innovative Ways To Be More Successful
Business innovation is the most important way to beat other companies to find new income streams and develop profitability in the UK.
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UK Business Leaders must seize the opportunities which will flow from Brexit if they are to survive and prosper. Even incremental gains in existing business practices can help secure a more resilient future.
Business innovation doesn’t grow on trees! It needs a framework and a creative business culture to provide a real insight into how a business can change to take the opportunities it has in front of it.
If not how are you going to identify it? If you do how are you going to capitalise on it?
Develop your business processes to ensure that innovative initiatives reach into your business strategies to ensure more success in future that is more sustainable.
Its about connecting business leaders to local suppliers more easily
Local Suppliers Near Me Service
Local Suppliers Near Me
The benefits of local sourcing of business products and services are many and varied from environmental benefits to real cost savings to security of supply lines to flexibility of delivery.
In the UK it is more expensive to import goods and services from overseas due to around a 10 to 20 percent fall in the value of the pound against a basket of foreign currencies in the last 12 months. Where there may have been a substantial price difference between imports and domestic suppliers, this has mostly gone as can be witnessed by the fact that the UK is exporting more now that at any time since 1995.
BusinessRiskTV is championing local UK suppliers
We’re helping to connect UK companies with nearby local suppliers when business leaders source new products and services.
Stand out more from the crowd! Support UK businesses. Help promote local business growth by supporting your local business. Get real added benefit from new local suppliers and support them to help your own business needs. Help new local suppliers to grow with you for a long-term business relationship. Develop a more sustainable business model.
Sourcing products from around the world can lead to more cost and more business interruptions and less flexibility in meeting your customer needs.
Develop shorter local supply chains to build your business with more certainty. In a new Brexit world developing more local suppliers will guard against the negative impact of currency fluctuations.
Undertake thorough due diligence to ensure your new local suppliers are not going to increase the risks to your customers. Trust BusinessRiskTV to help you buy local next time.
Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV
Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV
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Executives business experts and influencers join BusinessRiskTV to discuss the key threats and opportunities in the world of business.
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On our daily blog and vlog we provide live business and lifestyle news coverage of the latest events. Gain risk insight. Develop your business knowledge. Tap into business intelligence including financial markets the global economy and corporate developments.
React to business news and developing corporate issues. Watch business risk analysis from global business experts.
Learn the top things you need to know about your personal finance and corporate financial news. Whats happening in the global economy that can affect your business objectives. Make your life and business decisions easier because you will be more informed.
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Take More Risk With Confidence To Boost Your Business Performance
Collaborate with business risk experts around the world to manage business risks better. Keep up to date with the latest UK economy news and global economic outlook. Network with top business leaders locally and globally.
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Read articles and view videos on the latest Brexit developments opinions and reviews. Network with top business leaders to manage Brexit threats and opportunities better.
19th March 2020 Fishing Is Symbolic Of Taking Back Control
Many people perhaps most people in the city of London would happily sacrifice fishing rights to maintain financial services rights in Brexit negotiations.
Economically the fishing industry produces are 3 percent of UK economic output. Financial services produces many time that. The scales of economic sensibility suggest that it would be better for the UK economically to support the city of London.
However this is slightly misguided. The UK produces so little from fishing industry because of European Union quotas decimating the number of UK fishing boats. The UK could increase growth from fishing by increasing more boats in the fishing industry.
However the UK fishing industry will never overpower the economic sense of supporting financial services over the fishing industry.
The UK government must not submit to pressures to allow the same access to UK fishing areas. UK fishing industry should be rewarded for its support of Brexit. There can be ways of increasing income even with tariffs on UK fish products. Countries like Norway and Iceland can make it work.
Socially and democratically even with some economic detriment the UK government must support the UK fishing industry. Yes EU boats must have rights to fish in UK waters but rights to fish for UK fishing boats must be significantly increased at the end of 2020. Democracy is more important than economic prosperity.
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Brexit Guide Brexit Business Risk Assessment Analysis News and Opinions
Read our latest analysis on the consequences of Brexit. What is your Brexit risk assessment? How do you seize the opportunities a Brexit will present to your business? How do you mitigate the threats from Brexit? Only a careful, positive risk management approach will ensure that Brexit will work well for everybody in the UK.
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14th February 2020 With The Departure Of The Chancellor The Last Significant Remainer Forced Out Of UK Government
With the UK Chancellor resignation yesterday Boris Johnson has purged his government of the last significant block on a no deal Brexit. The European Union EU must now know it must do a fair deal with the UK or face no deal Brexit at the end of 2020.
The UK is now closer to a no deal Brexit than it ever has been.
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With the next UK budget in March expected to open the spending taps to new infrastructure and an uplift in government investment the UK will be better prepared for a no deal Brexit than it ever has.
It is likely that the UK will face face short term economic bumps from no deal Brexit but the length of the disruption will depend on how well the UK plans for its future outside the EU.
Prepare your business for all eventualities with our Brexit Marketplace.
20th December 2019 German Economy Saved From Recession By Brexit
A clear programme for progress on Brexit has helped Germany avoid a recession according to Germany Economy Minister Peter Altmaier in remarks published on Friday.
Although there could yet be a no deal Brexit at the end of 2020 if the EU and UK do not agree a deal during transition period at least German businesses know with certainty that the UK is leaving the European Union.
Germany still faces a potential trade war with USA as part of European Union. The UK will look to strike a free trade deal with USA that would avoid any trade war between USA and EU.
12th December 2019 Exit Poll Suggest Conservative Party Majority For Brexit Majority
30th October 2019 Brexit Not Resolved Yet Vauxhall Vans Commit To UK Van Production
Vauxhall announces further commitment to automotive production in UK regardless of Brexit outcome. Next generation of Vivaro vans will be built in Luton.
23rd October 2019 Still Most Likely That Brexit Deal Will Pass But After A Brexit Extension
Ex Tory MPs who lost the whip would not be able to stand as Tory candidates at the next General Election if Boris Johnson gets a General Election now. The exTory MPs that blocked Brexit on 31st October 2019 with their Surrender Act presumably will want the Whip reinstated if they want to present themselves as a Conservative Party candidate at the next General Election.
An extension to Brexit is unavoidable now due to the application of the Surrender Act. Before it was brought into force in days by MPs intent on blocking Brexit it would have been possible though not guaranteed that Brexit could have been done on the 31st October 2019. Surely Boris Johnson would not take such MPs into a General Election with the Conservative Party?
The most likely outcome at this stage is for the UK parliament to approve Britains Withdrawal Agreement with the European Union. To enable such a legal position to pass it will need more time. An extension is inevitable but it will either be a technical extension to get the Withdrawal Agreement through parliament or an extension to end of January 2020 to enable a General Election to take place.
It is unlikely that the Tory rebels and Labour Remainer MPs will succeed in their attempt to block delayed Brexit. The UK will then hold a General Election.
Ideally the Labour Party leadership probably favour the Conservative Party taking the UK out of the European Union EU and then then suffering the inevitable short term business lifestyle and economy disruption. Labour could then capitalise on that with their policies that would otherwise have been blocked by EU rules and moderate the Brexit achieved by Conservative Party by opting in for a softer Brexit. However we do not live in an ideal world so the Labour Party will probably need to fight the next imminent General Election with a deliberately fuddled Brexit Policy in the hope that its other policies will win over the UK electorate in sufficient numbers to win power.
If the UK gets a General Election the current best bet is that the Conservative Party will run a minority government with a handful of new Brexit Party MPs who have won previously safe Labour Leave voting seats. This will probably mean a no deal Brexit or Brexit based on the deal agreed by Boris Johnson with EU.
9th October 2019 Do Not Let Your Business Be Paralysed By Political Events
Political events can impact negatively or positively on your business. However procrastinating because of Brexit uncertainty or trade war between USA and China and Europe is not good for your business.
By taking the right precautions your business can still make progress towards your business objectives and even speed up successful attainment of objectives.
25th September 2019 Supreme Court Judgement Makes Extension To Brexit Date and General Election In November or December 2019 More Likely
Although not the motivation of the Supreme Court judges the result is that a new Brexit deal before end of October is now impossible. There is no incentive for the European Union EU to make any significant changes until after an election or a referendum.
Although Boris Johnson has said he will not ask for an extension to Brexit he will. He will explain he has done everything possible to exit the EU at end of October. However he will say correctly that the Remainer MPs in UK parliament have to use a Scottish judge word stymied any renegoitation with EU.
The Supreme Court judges judgement has triggered the starting pistil to a UK General Election before the end of 2019 sooner rather than later. Before the judgement there was a slim chance of a new Brexit deal before end of October. Now the only chance is no chance. The door has closed not because of their legal decision but because they were asked to make a decision.
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The Remainer MPs will get their wish of an extension before the election but at the cost that the General Election will be fought on the basis of the People v The Parliament.
Around three quarters of MPs in the UK parliament are Remainer MPs unwilling to take the UK out of the European Union despite the vote of the vote in 2016 to leave.
this Parliament is a disgrace
Attorney General Geoffrey Cox told MPs that current UK parliament is a dead parliament and will is too cowardly to call an election UK Parliament 25th September 2019
Although it will be close it is more likely that Leavers will beat Remainers in the General Election. Whether they will do so in sufficient numbers to make UK parliament governable again is very much in doubt. What is certain is that the UK will now reap the whirlwind of the most vitriolic election campaign ever experienced in UK.
All that we can really hope for is that there is a clear winner before the end of the year as an extension of the current impasse will damage the UK economy.
Perhaps the only good thing to come out the Brexit impasse is that with each day the UK is better prepared for a no deal Brexit should the UK vote for Brexit in the coming General Election. Whether the UK leaves or remains the UK will come out of this impasse for the better economically. How the UK will come out of the impasse socially and culturally will not be known until we look back in 10 years time.
20th September 2019 Next Crucial Period Of Brexit Is Mid October
Assuming the Supreme Court realise that courts should not be meddling with political decisions next week then the UK and Europe face a nervous run up to mid October.
There is increasingly positive mood music coming out of Europe about the prospect of doing a Brexit deal with the UK. It is likely that the Brexit deal will be one that kicks the most difficult parts of the deal towards the end of the decision making process like the border between Ireland and Northern Ireland.
The question from the UKs point of view is will the hardline no deal Brexiteers agree to bend on the deal and will the MPs in the Labour party who have heavy Brexit leaning constituents vote for whatever new deal comes back from the new Brexit negotiations.
The Eurozone is struggling to cope with the global economic downturn on top of its historic issues falling the financial crisis. Of greatest concern is the likely recession in Germany dragging the rest of Eurozone economy down with it.
The UK should leave on the 31st October 2019. The key players in the Brexit negotiations are being pushed into a deal from opposite directions. It has never been truer that both the European Union and the UK need a deal. If the UK parliament does not vote for the new Brexit deal they will reap the wrath they have created.
17th September 2019 Claims That Consumers In UK Are Stockpiling Essential Products Are Found Less
There is no evidence that Britons worried about the possibility of disorderly departure from the European Union EU on 31st October are stockpiling essential products
market researcher Kantar
5th September 2019 Next Key Date On Brexit Is Monday 9th September
UK government has let through bill to stop no deal Brexit. Next Monday the UK government will try again to successfully ask for General Election that will largely be based on Brexit issue.
If the UK government does not successfully bid for a General Election then the Brexit debate will once again lurch out of control in ways that are unclear. However if the UK government successfully receive a General Election on Monday then it will happen on 15th October. The winner will determine if there will be a Brexit or not.
There is a General Election coming. When is uncertain.
4th September 2019 Impact On UK Economy Of No Deal Brexit Reduced
Mark Carney Governor of the Bank of England the UKs central bank which decides on interest rates tells MPs on Treasury Select Committee for UK lawmakers that GDP impact of Brexit has been reduced.
Mark Carney was speaking at todays Treasury Select Committee public meeting.
4th September 2019 Will The UK Have A General Election Before The End Of October 2019?
The current UK Prime Minister wants a General Election on 14th October 2019. He may be prevented from having one by current MPs.
Tomorrow or Friday may be the crucial day on defining whether the UK Prime Minister will be granted a General Election before the end of October 2019.
BusinessRiskTV
The UK Prime Minister will lose the new bill debate today aimed at preventing no deal Brexit. He will try again tomorrow but tomorrow (or Friday) will have lower bar to pass to enable a General Election to happen before the end of October 2019.
The UK will have a General Election before the end of the year but whether it happens before end of October should be decided this week.
1st August 2019 UK VAT Registered Companies Will Be Given A Registration Number In Next Two weeks That Allows EU Customs Authorities To Identify Them
The admin paperwork to continue trading with EU in event of no deal Brexit is called an Economic Operator Registration and Identification EORI number.
UK chancellor Sajid Javid automatic enrolment of VAT registered businesses will help ease the flow of goods at border points and support businesses to trade and grow in event of no deal Brexit.
1st August 2019 Euro Zone Purchasing Managers Index PMI For Manufacturing Firms In July Fell To Lowest Level Since 2012
Many economists in UK say the UKs drop off of manufacturing activity is down to Brexit uncertainty. However eurozone manufacturers drop off in production and indeed global manufacturing production drop off is not down to Brexit uncertainty.
5th July 2019 Jaguar Land Rover JLR Is Investing Hundreds Of Millions Of Pounds To Build A Range Of Electric Vehicles In Castle Bromwich Birmingham
JLR are making plans for the future whether Brexit happens or not. Whether Britain no deal Brexits or leaves with a deal or does not leave European Union EU will not affect many automotive manufacturers strategic decisions to stay in UK.
It is perfectly right for car industry to lobby UK government for the outcome it prefers. However the automotive industry is perfectly robust enough to take on all risk factors to survive and prosper.
In January JLR announced that its new battery making facilities would be located in the Midlands. The new plant will be most technologically advanced in the UK according to JLR.
1st July 2019 NTT Ltd Opens For Business In London At Height Of Brexit Crisis
Nippon Telegraph and Telephone Corporation NTT Corporation is one of Japans largest telecom businesses. It has launched its international focused subsidiary NTT Limited and picked London as its global headquarters.
NTT Limited is a merger of NTT Communications Dimension Data and NTT Security into a single business based in London.
NTT Corporation president and CEO Jun Sawada said launching NTT Ltds HQ in London shows its commitment to the UK remains extremely strong.
It demonstrates that Britain will remain a tech leader regardless of whether the UK remains or leaves the European Union EU.
21st May 2019 EU Would Rather Have The UK Pissing Into Tent Now!
The biggest change from the the results of the European Union EU is that the rest of the EU will no longer put up with the UK pissing out of the tent. They will become resigned to and prefer the UK to leave the EU an piss into the tent!
Until the EU elections 2019 UK political leaders thought they could pick and choose when it leaves the EU. Now the rest of the EU leaders will be thinking they do not need such an unruly member.
The UK is unlikely to get an extension beyond end of October 2019 even if it wants one. The EU will get little benefit from amending the deal already negotiated with the UK. The UK is closest to leaving the EU without a deal than at any time including immediately after the EU Referendum in 2016.
Back in 2016 the UK had more choices. Now the UK needs to leave without a deal at end of October or revoke article 50 and remain in the EU. The time for compromise has come to an end.
The UK parliament should vote on these two options immediately it returns after the summer break. The parliament can then spend time putting the vote into action.
The MPs will then face the public at the next General Election and have to justify whichever way they voted.
15th April 2019 Investment In UK The Highest In The World Regardless Of Brexit Chaos
Big 4 accountancy firm EY has reported that following its survey it found that Britain is the top place to invest in the world for the first time since EY started surveying investment market 10 years ago.
The reason investment has hit a record high according to EY is the English language is the language of business and the UK has a highly skilled workforce together with expanding technology base.
The low value of the UK pound has also made UK business cheap to invest in for overseas businesses keen to take advantage of undervalued UK businesses.
29th March 2019 On The Day The UK Should Be Leaving The European Union EU The Mother Of All Parliaments Says No Non Nein
MPs reject Theresa Mays EU withdrawal agreement by 344 votes to 286 a majority of 58. The UK is facing either a no deal Brexit on the 12th April or a long extension to Article 50 which will include the UK voting in EU elections in May.
The Prime Minister and the UK government seem to be holding out hope that the deal on the table with the EU will get still get through before the 12th April. How this would happen is highly uncertain.
22nd March 2019 No Deal Brexit Most Likely Outcome Of All Most Unlikely Outcomes
The UK is entirely fragmented politically. Each fragment has hurried off to respective camps and are digging in instead of looking for compromise.
Theresa May seems to have grabbed defeat from the jaws of victory after blaming UK MPs for Brexit logjam. Almost anything is now possible as the fragments of the UKs political community are resisting any coming together.
Mays Brexit deal could get through in a 3rd Meaningful Vote before the and of next week or the new deadline in April
The UK Prime Minister may do what she has said all along which is take the UK out of European Union EU on 29th March with no deal Brexit
UK parliament takes control over the Brexit process and before the EUs new deadline apply for and get a very long extension to Article 50 giving it time to put together a newer softer Brexit and or bring about a 2nd referendum on leaving the EU.
Many now believe Mrs May will take the UK out with a no deal Brexit next week but whether she will be allowed to do that by the UK parliament remains to be seen.
Brexit uncertainty has never been higher but next week it will continue to increase not reduce.
21st March 2019 Next Says No Deal Brexit Would Bring Lower Prices In Shops
Retailer Next says lower trade tariffs under no deal Brexit could save it 15 million pounds and allow Next to cut prices for shoppers in UK.
21st March 2019 No Deal Brexit Would Significantly Harm European Union EU
Barclays bank Chairman John McFarlane says a no deal Brexit would significantly hurt the European Union economy and a deal on financial services between Britain and the EU is likely whatever form Brexit takes.
He expects that trade would continue between the financial sector in London and the EU after Brexit.
19th March 2019 Theresa Mays Brexit Deal More Likely After Speaker Of House Of Commons Intervenes Into The Brexit Process Again
Yesterdays spanner in the Brexit process works by the Speaker of the House Of Commons has made it more likely that the UK Prime Ministers Brexit deal will somehow be approved. Where there is a will there is a way.
If this is the case then the UK economy will be boosted. The boost will come from private investment and massive public spending Brexit dividend promised by UK Chancellor. The downside risk is that the boost to UK economy will also accelerate UK interest rate rises.
The Brexiteers need to fall in behind the current Brexit deal or suffer no Brexit or softer Brexit.
14th March 2019 Third Meaningful Vote Expected Within A Week
Theresa May will try third time to get her EU withdrawal deal through Parliament. She is hoping to win over more Brexiteers on basis that they if they do not back her Brexit deal they will endure at best a long delay on getting Brexit or not get Brexit at all.
The UK government will at the very least need to ask the EU for a short delay on Brexit as there is not enough time to get Brexit through assuming Mays deal does get approval in the next week.
Last night an updated motion to reject a no deal Brexit under any circumstances was passed by 321 to 278 a majority of 43. Whilst not legally binding it is clear that parliament will find a way to prevent no deal Brexit ever happening.
Brexiteers realise they now face the likelihood of exiting the European Union EU via Mays Brexit deal on the table or softer Brexit like Norway Option or no Brexit. Which way will they jump in next week!
13th March 2019 UK Government Announces Tariffs On Imports Post No Deal Brexit
Most UK imports by value will not attract a tariff in the event of a no deal Brexit. Tariffs would protect some industries including farm produce. Such a change in UK imports is likely to increase the competitiveness of non European Union imports compared to EU imports though most EU imports would also be tariff free.
Tariffs on cars imported to UK would attract a 10 percent tariff though car parts would be tariff free.
The UK government also announced that it will not introduce any new checks or controls or require customs declarations for nearly all goods moving from across the border from Ireland to Northern Ireland in the event the UK leaves the EU without a deal.
12th March 2019 Theresa May Says She Has Legally Binding Changes To Her Brexit Deal
European Commission President Jean Claude Juncker warned if the deal was voted down there was no third chance to change a deal that could be agreed by both parties.
Hard line Brexiteers will not agree to anything short of no deal Brexit. Hard line Remainers will not agree to anything short of another referendum. It looks likely that the Second Meaningful Vote on the Brexit deal on the table will fall by less of a margin but how much of a margin is unclear.
It is clear that short term risks to UK economy will be lessened by agreeing the Brexit deal currently on the table
It is clear that the risk of the UK being trapped in the Backstop has lessened by the revised Brexit deal agreed with the European Union
What is unclear is the long term ability for the UK to finally leave the European Union fully.
Taking a balanced risk view of the short to long term the UK parliament should fulfil the decision of the British people to leave the European Union on the revised Brexit Deal. Should the UK legislators fail to vote to approve the Brexit deal the UK will be thrown into a crisis of government politics and business.
Business leaders will not know whether the UK will ever leave the European Union or whether it will end leaving with no deal. There may be one more Third Meaningful Vote before the end of March 2019. This is the most likely outcome of the developments this week. What the outcome of a Third Meaningful Vote will be is anybodies guess! However it will be incredibly close on whether the revised Brexit deal will eventually be voted through by the UK parliament.
UK MPs should remember that the best deals involve a win win for both parties not a lose lose win lose or lose win for the European Union and UK.
If the revised Brexit deal is not voted through and Brext with no deal is taken off the table then there must be a General Election in UK to revise the make up of the UK parliament. Then the new parliament must work on a revised Brexit deal. To revisit the Referendum before the last Referendum result has been implemented would create greater social and political damage which would continue for longer. Not only is it likely to result in a call for a third Referendum result but it would lead to another Referendum on Scotland leaving the UK.
All of these options would create greater chaos for business and economy for years. The only option which will protect short to medium and perhaps long term business environment is to accept the Brexit deal currently on the table.
15th February 2019 Retail Sales Jump More Than At Any Time Since December 2016
The Office for National Statistics ONS reports the amount of goods sold rose by 4.2 percent in January year on year the biggest annual rise since December 2016.
UK consumers show that record employment levels and rising standard of living will keep them spending regardless of Brexit. Wages continue to outstrip inflation indeed as inflation rate slows and wages increase faster the UK standard of living is accelerating.
27th December 2018 French Constriction Group Shows Confidence In UK Economy Post Brexit Deal or No Deal
Current Gatwick owners Global Infrastructure Partners GIP will sell a 50.01 percent stake to Vinci Airports. Vinci Airports has over 40 airports globally across Europe Asia and the Americas.
Gatwick is already the UKs second biggest airport and the 8th busiest airport in Europe by passenger numbers. However Vinci Airports will need to get significantly more than 3 billion pounds out of Gatwick purchase before it can start to turn extra value out of the investment. Where will it come from if Brexit crashes the UK economy?
26th November 2018 Brexit Plan B Most Likely End Destination For UK EU
The Sun newspaper is reporting behind the scenes discussions at UK government level to agree an EU UK Plan B when Plan A fails to get approval in the UK parliament.
Norway EFTA Plus deal most likely end result of Brexit negotiations by March 2019?
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Plan B is for the UK to join the European Free Trade Association EFTA. The Sun says government Secretaries on Remain and Leave side of the argument Michael Gove and Amber Rudd are trying to set up the UK joining EFTA temporarily enroute to eventual full Brexit.
Such a plan is likely to get through the UK parliament with with help of scores of Labour MPs at the expense of Conservative party unity.
Brexiteers in the Tory party are unlikely to vote for EFTA.
Would enough Labour MPs back an EFT Plan B deal to make it work if the EU agreed to enter such a Plan B?
The EU says there is no other deal it is prepared to sign.
Would Germany and France really face up to a no deal Brexit after appeals within UK for General Election and second referendum fail if there was a viable Plan B EFTA deal on table proposed by UK?
Would the existing EFTA members let the UK in enroute out of the EU?
Would an EFTA deal result in the formal split of both the Labour party and Conservative party in UK?
Would the UK left and right politicians come together in a new UK party occupying the centre ground to become a viable third party in UK politics?
25th November 2018 EU27 Endorsed Withdrawal Agreement and Political Declaration on the future EU UK relations following Brexit In March 2019
EU leaders have approved an agreement on the UKs withdrawal and future relations. The EU27 say that deal agreed by the remaining 27 European Union EU countries is the only deal that is and will be on the table. Future relationship includes
Relationship to based on free trade without tariffs on either side
Continued cooperation on national security
End to free movement
The rubber stamping of the deal took less than 40 minutes at the meeting of EU27 leaders. However 20 months of negotiations is now at an end according to EU27 leaders and UK.
The agreement has yet to be agreed by the UK Parliament. The UK is scheduled to leave the EU on 29 March 2019. European Commission President Jean Claude Juncker said anyone in Britain who thought the EU27 bloc will offer improved terms if MPs rejected the deal would be disappointed.
The UK Parliament is expected to vote on the deal in early December. If the deal fails to get through the UK parliament it is likely that the UK Prime Minister will resign and then all bets are off. Possibilities could include
UK General Election where membership of the EU will be a critical element of the decision though it is not known what the Labour party in UK will have in its manifesto in such an event so how could voters choose which party to vote for. Last General Election 85 percent of UK voters voted for partys which wanted a Brexit.
Another Referendum on membership of the EU but what would be on the ballot. More than one option? Deal or no deal? Deal or Remain part of EU?
Another Brexit deal negotiation with EU on basis of UK parliament voted down first deal. However the EU27 say there is no other Brexit deal except no deal.
No politician in UK parliament or who has left parliament or any political commentator knows for definite what will happen if the UK parliament does not back the EU deal on the table. However most say that the EU deal will not get UK parliament approval ever.
If a General Election in UK or another Referendum did happen that did not have a clear cut decision what would happen?
If another Referendum was to switch to Remain in EU what happens next a third Referendum best of three?
In either of the the above voting processes what damage would UK society and economy suffer? One UK MP was killed during the last Referendum and many people were threatened with their lives.
The least damaging route in short term is for the UK parliament to back the EU UK deal on the table. Whether that is in the long term interests is not clear. The only thing that is certain is Brexit uncertainty is reaching its peak.
19th October 2018 View Of Brexit From German Industry
German industry association BDI has warned that both German and British companies are staring into an economic abyss if there is a no deal Brexit.
The remaining EU27 countries export more to the UK than any other country. More than to China or USA.
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Germany exported 84 billion euros worth of goods to the UK in 2017.
14th October 2018 No Deal Brexit Would Not Be Disaster
According to UK industry leading CEO a no deal Brexit would not be a disaster for the UK economically.
A standard free trade deal of the type agreed between Canada and the EU could cause EU economic growth loss of 0.8 percent.
A soft Brexit with the UK out of the customs union but retaining access to the single market and agreeing to abide by EU rules would imply almost zero cost for the EU as a whole IMF Report.
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9th July 2018 Brexit Secretary and Foreign Secretary Resign Over Brexit
David Davis Brexit Secretary and Boris Johnson Foreign Secretary resign from UK government over the Brexit policy decisions taken by Prime Minister Teresa May.
29th June 2018 Exports Goods and Services At Record High and Trade Gap Narrows
Trade figures released by UK government revealed that in the 12 months to March 2018 UK exports were at an all time high.
EU countries represent around 40 percent of all exports from UK.
Research from Barclays Corporate Banking found that around two thirds of consumers in India and China and around half of consumers in the UAE were prepared to pay more for goods made in the UK because they perceive the quality as higher.
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The trade deficit with the world continued to narrow to 80 billion pounds which is the narrowest UK trade deficit since 2012.
13th June 2018 Global Tech Companies Are Confident In UK Economy
Tech company Salesforce have voted in the UK with their 2.5 billion dollars of their money by announcing a massive investment in the UK over next 5 years. It clearly thinks it can grow further in UK and it could not do that unless the UK economy is strong.
Amazon is to create another 2500 jobs in the UK bringing total workforce in UK to 27500. Google Apple Snapchat and other global tech companies continue to invest in the UK economy.
11th June 2018 Where In The World Got The Highest Foreign Investment in 2017?
Despite Brexit the UK is still the place most overseas investors want to invest their money compared to rest of Europe.
23rd April 2018 – Financial Services Increasingly Confident In Brexit
The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London’s hopes of retaining its status as a top global financial centre.
Many in the City Of London now believe the remaining European Union EU members will go for easy access to financial market in London based on increased equivalence to prevent disruption to business anywhere in EU.
4th April 2018 – Peugeot Plans New UK Van Production In Luton
Vauxhall plant in Luton chosen by PSA Group to manufacture a planned new van. This demonstrates confidence in UK of a major automotive maker post Brexit.
19th March 2018 – UK and European Union EU Agree Terms For Brexit Transition To UK’s Withdrawal From EU
Brexit negotiators Michel Barnier and David David announce they have agreed term for a transition period in a major breakthrough “decisive step”.
The transition period will run from 29th March 2019 to December 2020 and may lead to the orderly withdrawal of the UK from EU.
In addition, there was also an agreement on the rights of EU citizens in the UK and the rights of UK citizens in the EU.
EU member countries have still to sign-off the agreement on the transition period, perhaps at an EU summit this week. If the EU members agree, then the negotiators will move on to discussions on a permanent future relationship agreement by August 2018 with a view to Brexit in March 2019.
The financial markets liked what they heard and the pound jumped in value.
27th February 2018 Small Medium-Sized SME Factories Sales Expectations Near 3 Year High
Sales expectations of SME factories in UK are near 3-year high due to strong global economy growth and low value of the pound.
National Manufacturing Barometer survey has revealed manufacturing to be the fastest growing sector of Britain’s economy in the final quarter of 2017.
The survey also revealed that more than half of SME manufacturers plan to invest in plant and machinery over the next 6 months. SME manufacturers in UK are more confident in their prospects in 2018 than they were in 2017.
The National Manufacturing Barometer surveyed 320 companies in January 2018
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26th February 2018 Two Labour MPs Discuss Brexit Negotiations
17th January 2018 Deutsche Bank Only Moving Hundreds Jobs Out UK Not Thousands Post Brexit
Deutsche Bank is headquartered in Germany had has told reporters that it will not need to move thousands of UK jobs to the continent post-Brexit. Stefan Hoops, head of Deutsche Bank’s capital market division in Germany explained that they would need to move fewer staff than many have said in the past. One executive previously said 4,000 staff would need to move but the numbers would actually be in the hundreds.
Last week Deutsche Bank Chief Executive was reported as saying that initially several hundred jobs would be created in Frankfurt, Milan and Paris but that is not the same as moving jobs from London.
16th January 2018 Bank of England Thinks Free Trade Deal With EU Including Financial Services Post Brexit Is Possible
It may take three years or more, but contrary to the EU’s chief Brexit negotiator, Michel Barnier, it is possible if the remaining EU27 are prepared to agree such a free trade deal with UK.
Sam Woods, the Bank of England’s deputy governor in charge of Prudential Regulation Authority PRA says a three period to agree a free-trade agreement including financial services could happen because unlike other countries seeking such a free-trade deal, the UK’s financial services are already aligned in terms of financial services rules and supervision.
Sam Woods comments came during his appearance in front of MPs on the Treasury Select Committee.
8th January 2018 City Of London Says Brexit Job Loss Fears May Have Been Exaggerated
The City Of London EU envoy, Jeremy Browne, has been reported as saying that bankinginsurance and asset management job losses to the European Union (EU) may not be as severe as suggested by many including the UK’s ex-Chancellor and now editor of Evening Standard.
Most people were shocked, but that doesn’t mean the implementation of the Brexit vote will be bad for business.
The UK may yet not leave the European Union EU. Great forces will try hard to stop the democratic vote of the people being fully implemented. The people may even change their minds. Anything is possible.
When anything is possible there is increased risk
Increased risk means increased opportunities for growth as well as increased threats.
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If businesses invest their time and energy in controlling the threats from a Brexit and seize the opportunities the UK will benefit from a Brexit. If business leaders can not change or do not have an innovative mindset a Brexit could be bad for the UK economy.
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Enterprise risk management is the management of the effect uncertainty on business or enterprise objectives. An organisation should create the risk management framework upon which to apply and embed the principles of risk management and the risk assessment process.
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Effective enterprise risk management ERM should focus on managing risks better not measuring risks. Many business leaders think they have an effective ERM system of working, but in fact they have a detailed risk assessment process. This may or may not manage risks better.
The process of identifying risks assessing risks and developing strategies to manage risks better
The risk assessment process must factor in the risk perception and risk culture of the organisation. The risk perception of the assessor so can greatly skew the risk assessment process in a direction that results in either too much or too little risks being taking.
Too much financial cost will be incurred controlling risk disproportionately or the opportunity cost of taking too little risk may mean the business fails to grow as fast as it could with existing resources.
The outcomes of business activities and decision-making are uncertain. There is therefore a risk that the decisions taken are good ones or bad ones.
Enterprise risk management ERM is about trying to increase the number of good decisions and reduce the number of bad decisions to make achieving business objectives easier cheaper and more profitably or more efficiently, in the case of not-for-profit organisations.
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