Is Great Britain plc heading for bankruptcy?

The government tells us we are coming out of recession, but our experience suggests that may not be true:

The packaging industry, a good barometer of trade in general, appears to be struggling. Our packaging industry insider informs us that companies are either going bankrupt, or reporting unseasonably low sales for what should be their busiest period. The main problems seem to be:

• Reduction in orders
• Slow payment for goods supplied
• Reduced profits due to squeezed margins
• Rising utility costs and business rates

It might be easier to weather the storm with the aid of short term financing, but the banks either won’t lend, or will only do so at highly inflated rates.

The government must exercise some control over the banks WE own and force them to lend at sensible rates.

Oil prices are low, but forecourt fuel prices are rising. This has a huge effect on business and our government must address the issue.