As virus hits cashflow, banks and Revenue must show patience

The state bailed out the banks a decade ago, now it’s time to show the same support to employers and the self-employed

15th March, 2020
As virus hits cashflow, banks and Revenue must show patience
The March economic statistics, when we get them in April, are likely to make for fascinating, if grim, reading.

Cash is king. Always has been in business. No matter how much people talk about valuations and Ebitda and accounting conventions, the most important thing is having enough cash to meet the bills and to have some profit left over.

A lot of people will have unfortunate memories of the last crisis when they suffered cash shortfalls. Lots of businesses closed or reduced in size, leading to pay reductions and job losses for employees and...

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