In the same way that it could take many months to place the over-arching consequences of Brexit in any meaningful context, so we'll have to wait awhile for any sensible analysis of how the Referendum 'Leave' vote will impact on UK business.
I make the distinction here between 'consumer' and 'business' debt. Yes, they're different, but some of the effects of catastrophic corporate failure can have a similar impact on the personal lives of those caught up in a business collapse.
To mere mortals, 'debt' is a four-letter word - something to be eschewed on pain of the workhouse or some equally grizzly fate. There's a whole industry in the UK that focuses on debt collection - lawyers, bailiffs and professional debt collectors who go by a number of rather fanciful <em>'noms de guerre'</em>.
It's been 20 years since I worked for the Co-Op. Or, to be more precise, the Co-Operative Wholesale Society (CWS). It was gratifying over those years to see the metamorphosis of the business from being a rather quaint, historic organisation that championed 'caring, sharing' co-operative values into a dynamic multi-faceted force on the High Street
The issue of whether marketing professionals should work with clients in controversial areas of business is certainly not new. Alcohol, tobacco, gambling and pornography have fitted the 'usual suspects' bill for long enough.
Such is the confidence of the new lenders, however, some are now moving into the mortgage market and lending to small businesses whose access to finance has been blocked in equal measure. Some would argue that opening up the market in this way is a good thing, but there's always the danger that desperate people will be seriously exploited.
Big increases in tuition fees have reportedly deterred many would-be students from applying for a university place. This is a tragedy at both a national and personal level because it takes a short-term view of the value of higher education.
20/08/2012 14:38 BST
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