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Business Thursday's Past SpeakersPrevious speakers to have addressed Business Thursday's events:
Attendees took part in a brief exercise, marking on a flip chart where they exist in their businesses and what the issues are. Everyone reported living somewhere between the present and the future. The issues that needed energy to address included time management, new business generation, and cash flow. Sara suggested
that we need to learn to live in the present. The past may be a good
place to visit, but not to live in; the future will always be unknown,
and an overt focus will result in 'the anxiety gap'. Appropriate to
Cheltenham race week and living in the moment, the present,
Mike opened by asking whether credit was good- and if so what level of credit could be described as good. Looking at the 2008 budget he noted that personal taxes had doubled and had grown by 30% in real terms since 1997 yet the labour government's annual spending next year is forecast to be £46,000,000,000. Reviewing the corporate finance sector Mike highlighted the published accounts of Manchester United Football Club and Northern Rock as object lessons in financial opaqueness. Looking to the future he highlighted the growing dominance of Sovereign Wealth Funds and the unfunded off balance sheet public sector pension liabilities of £700,000,000,000- which are the equivent of seven Northern Rocks.
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