Eamonn Lawless Success in Business and Management

Budget

Well after months of speculation and kite flying, the budget has finally been delivered. It's a mixed bag.

For example, a 2% point increase in VAT is assumed to automatically generate additional tax revenue. But what happens if, say, a retail business has to offer substantial discounts in order to get business in a tough market and turnover still drops? Or what if more businesses close down in a declining economy. That would mean less tax overall, not more.  

The only certainty is that we simply don't know what even the next days or weeks have in store for the economy. Changes at the European macro level might render meaningless the adjustments brought in by the budget.

So much is outside our control that we have simply to mind our own businesses and our own wellbeing. Be grounded in the reality of your own circumstances, face up to that reality and take the necessary steps to ensure your own survival.