Very few of us like paying tax, but there’s a fine line between legitimately reducing your tax bill and actively avoiding paying the tax that is due. And at a time of austerity where everyone is tightening their belts, there’s obviously a push by governments to close loopholes and maximise the revenues they receive.
The UK has always been full of people with bright ideas, but in many cases we’ve been let down by an inability to commercialise them. While it is wonderful to be known as a nation of inventors, it would be even better for the economy to translate this potential into strong companies, exporting around the world and employing skilled staff at home.
The PC market has obviously been having a tough time of it recently, with sales plummeting 14 per cent in the first quarter of 2013, according to analysts IDC. The combination of the rise of tablets and smartphones, the global recession and the resurgence of Mac sales at the top end have all put a dent in sales figures. And this has obviously hurt the divisions of Microsoft that make most of their money from PCs, particularly the Windows operating system.
Pretty much everyone now has the means to report what is going on in the world around them. Even the most basic phone has a camera, and it is simple to post images, video and text to social media sites at the click of a button. Consequently citizen journalists – ordinary people doing the job of trained reporters – are everywhere.
It used to be that failing in business was a potentially catastrophic black mark in the UK – essentially the end of your career, but over the last decade attitudes have changed, driven by a more American view that it is better to have tried and not succeeded than not to have bothered at all. There are a thousand and one reasons that a venture might fail, many outside your control, and as long as you learn lessons you can bounce back stronger.