Enjoy a New Year 20% discount
As 2024 draws to a close, many will be preparing their budgets for the forthcoming year.
And with all the changes wrought on the UK economy by “Rachel from Accounts” we have to be very nimble to keep ahead of what we anticipate will be a rapidly moving situation. Most commentators are expecting declining growth – we can only hope we can avoid the spectre of two quarters of zero growth, defining a recession.
The week after Christmas isn’t the time to list negatives, but there are two possible positives to which we can look forward.
The first is the possibility of reducing interest rates; the Bank of England has been behind the curve for too long so now hopefully they will try to catch up and introduce a few quarters of reductions to ease the pain. As Andrew Lilico of European Economicswriting in the Telegraph stated: The Bank of England’s excessive monetary tightening has passed its peak and within 18 months the current more normal monetary growth should be having its effect.
And provided the government is prepared to swallow its pride and make friends with the incoming US administration, the second is the possibility of a trade deal without tariffs for the UK. Or at least ducking the imposition of tariffs on existing trade.
As to tariff free trade, it does seem that there is a choice ahead – align with the US or Euro. With Peter Mandelson appointed the UK ambassador to the US it seems the government understands the need to build relationships on the other side of the Atlantic.
However, at the same time we read a ‘No surrender squad to reverse Brexit has been set up’ – No 10.
It sounds like amongst all their other skills, the new Labour government thinks they can run with the hares and hunt with the hounds! A policy not likely to be well received in Washington.
How can we help?
Forecast 5’s budgeting and forecasting software allows the user to quickly build a forecast with P&L, Cashflow, Balance Sheet and Funds Flow (i.e. Statement of Cashflows) schedules, and once built bring in actuals and generate variance analyses and rolling forecasts in addition easy changes and instant recalculations make the model versatile and robust.
And the most important feature while forecasting in a very uncertain future is Forecast 5’s extensive What If scenario planning ability ensuring that the user can model a range of possible economic scenarios, via changing costs, sales, prices, volumes etc.
And if you order before the 20 January 2025, you will earn a 20% discount off the first years subscription price.
Need to try before you buy? Download a free,21-day trial, and buy by 20th January 2025 to get the discount.
It remains to extend our best wishes for a profitable and prosperous 2025;
and a budget created with Forecast 5 will help to make it happen!
Johnny, Geof and the Team at Forecast 5.
