Lambert Chapman’s Blog

Entries from November 2008

Has Government considered the business cost of its actions?

November 30, 2008 · Leave a Comment

nick_forsyth_07With all the concerns over the economy and keeping people in work was now the right time fro the Government to cost business an estimated £300 million to be able to reduce the rate of Value Added Tax by 2.5% on 1st December 2008? Having had some time to reflect on the Pre Budget Report Statement many retailers are thinking that the VAT reduction will not necessarily get passed onto shoppers at the till without negotiation and so is it all really worth the aggravation being caused?

 

This Government has been good at wasting resources. In its first term of office its obvious inexperience of being in Government led them to creating many costly talking shops whilst trying to reach the right answer on policy decisions. Laudable maybe in trying to discover the right answers but if Gordon Brown’s zig zagging method of being Chancellor has been mirrored across the board then a lot of right answers were not reached making the spend uneconomic.

 

Gordon’s last error; the 10p tax rate withdrawal (as if you didn’t know) has proved particularly costly to the Nation. By compensating all tax payers in the way they did the Chancellor issued another tax coding notice to every tax payer to every employed person with the new personal allowance on it. This cost the price of a stamp, an envelope, labour or machine costs to pack it and at least one sheet of A4 paper to produce it within HMRC.

 

Upon receipt there were the extra professional costs to check them to ensure accuracy. But how could they be wrong you ask as only 1 item changed; the personal allowance from one sum to another. Ah yes, but you have to consider that other tax codes had already been issued in many situations which had had things changed that were not correct. We had checked these and advised of the revisions. In many cases these had either not been processed or returned to the incorrect figures again meaning further amendments. Some clients we have had 7 or more tax coding notices this year!

 

And if this was not staggering enough we had to use our working together links to access a computer programmer to understand how the program worked so that we could telephone a Manchester tax office to explain how to use the software. I think this is called training and probably unaccredited training at that as we had never seen the software and so offered it in virtual way. “When a blind man cries” I think was the name of the Deep Purple song!

 

Trading in a difficult economy requires care and attention over the overheads to keep spending at a minimum. I think we need to see some appropriate care and attention from our Government to ensure that they do not cost their customers too much money and at the same time keep their own overheads to a minimum whilst offering an efficient and well trained service.

 

Now there’s a challenge for the New Year resolution!

Categories: Business · Current Events · Finance and Taxation · Nick Forsyth
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Lambert Chapman LLP consider the Pre Budget Report

November 25, 2008 · 1 Comment

lambert_chapman_philoOn our main website we have a section containing the information set out in the Chancellor of the Exchequer’s Pre Budget Report Statement of 24 November 2008. It also includes comments on the statement by a number of Lambert Chapman LLP Partners. If you would like to be taken to the site please click on the link set out below to do so.

Having read the comments you might wish to make your own contribution to what the Chancellor or our Partners have said. To do this leave a comment at the foot of this article which will be posted after moderation considerations.  We welcome you adding to the debate that the Chancellor’s statement has created. Have we gone too far? Is there other policies he could adopt?

Let us know your thoughts.

http://www.lambert-chapman.co.uk/cgi-bin/iadmin.cgi?page=16&t=0&news_id=20946

Categories: Business · Current Events · Economic Indicators · Finance and Taxation
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ITFC – Under-achieving again…

November 17, 2008 · Leave a Comment

richard_hamilton_07As an avid Ipswich Town fan, I was quietly confident at the start of the season and had hoped for automatic promotion or, failing that, a play-off place.

 

Having looked at the teams in the Championship, I thought that there were a few that would be pushing for promotion come May (Birmingham, Wolves, Reading) and a few more that could be in with a shout for a play-off place (Crystal Palace, Sheffield United, Cardiff).  However, I was certain that we would be included somewhere amongst these teams and would have a good chance of going up.

 

As we are now coming up to Christmas and almost half-way through the season, my confidence in the earlier prediction has now disappeared.

 

Ipswich Town are now in 11th position, having only won six matches out of the seventeen played.  Although they are only four points away from the play-off places, they are also four points away from Coventry in 18th place.

 

Although we have had some good wins this season, beating Burnley and Reading amongst others, we have also had some pretty bad results too. The worst of these came on Saturday – a sure-fire win against lowly Doncaster had to come.  After all, they had only won one match at home, scoring only two goals in eight home games and had gone thirteen without a win.

 

However, yet again, Ipswich failed to make an impact and come away without a point. 

 

What do I find noticeable about this season?  When looking at the results and the way in which the matches had been played, there are six matches where we have been ahead and then either let in an equaliser or, even worse, come away with nothing.

 

This has happened too many times already for me to see Ipswich as a potential promotion candidate and I sadly envisage yet another season in the Championship. This is particularly sad when I recall that, only seven years ago, we finished fifth behind Manchester United, Arsenal, Liverpool and Leeds in the Premiership.

 

Come on Ipswich – it is time to show more fight and more desire, put games away beyond doubt and come away with three points – unless this happens soon, another Championship season beckons….

Categories: Fantasy Football · Richard "Tractor Boy Tricky" Hamilton · Sports
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‘Le plus ca change le plus ca la même chose’

November 10, 2008 · Leave a Comment

Mike Carabine

Mike Carabine

All the Arsenal fans amongst you will immediately recognise the 19th Century French proverb, the first documented usage of which was in a work by the great Alfonse Karr. More familiar to the rest of us is the translated version in George Bernard Shaw’s “Revolutionist’s Handbook” in 1903, “the more things change, the more they stay the same”.

 

 

 

When I wrote my last blog on 1st September, the sun was shining, I wasn’t the co-owner of several High Street banks and West Ham United were bumbling along under the tutelage of Alan Curbishley. Looking back some of my comments were strangely prescient if you consider subsequent events;

 

·         3rd September – AC decides he has been undermined by the Director of Football and quits.

 

·         12th September – XL, our shirt sponsors, go into administration. Cue much embarrassment as we have to play firstly with naff patches on the front of our shirts and then duplicate shirt numbers. It emerges that Bjorgulfer Gudmundsson has taken over the bank debt personally before the XL Group goes under.

 

·         7th October – Landski Bank, owned by BG, goes into administration too.

 

At least the way in which we went about securing a new manager gave the impression that we knew what we were doing, with short listing and interviewing taking place swiftly and with a minimum of fuss (at least compared to Our Friends in the North East!). The fans favourite would have been Slaven Bilic but he couldn’t be persuaded to forsake Croatia (or wasn’t considered depending on who you believe). So we end up with Gianfranco Zola as boss, a fine footballer who played in a style West Ham fans appreciated, but with little practical experience of managing and even worse a Chelsea legend!

 

A reasonable start has transformed into a terrible current run and a match against one of our bogey sides, Everton, was not what the doctor ordered. Last December I headed to a freezing Upton Park and watched us throw away an early lead in a Carling Cup quarter-final, with Yakubu profiting from a mix up between Danny Gabbidon and Rob Green to score the winner with a couple of minutes to go. On Saturday I was heading back to the pub after playing in a 2-0 defeat but at least cheered by the news that the Irons were ahead. As we hit the outskirts of Chelmsford, 5Live flashed over to the Boleyn Ground and my worst fears were realised 1-1. When two minutes later they went back my heart sank, 1-2. When a further goal was announced almost immediately after I made the fatal mistake of thinking we had equalised – oops!

 

The last time we kept a clean sheet was back in February, the worst run ever by a Premier league side. Rumours abound that the Club is to be sold, but who will buy with a possible £30m + payout to Sheffield United hanging over us?  

 

Still things could be worse I suppose, Alan Curbishley could have been successful in his rumoured pursuit of Joey Barton at the end of last season!

Categories: Fantasy Football · Mike Carabine · Sports
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Freedom of Portsmouth? Freedom of Tottenham more like!

November 1, 2008 · Leave a Comment

We all learned recently that a week is a long time and much can happen from the Banking crisis but the last week has raced by. Late last Saturday there I was checking out team news on the BBC website and not really wanting to go to the Bolton game on the Sunday. I spot a story on the homepage about 1,700 runners being stranded at Honister Slate Mine near Keswick and telephone my parents to let them know, them being Keswickians and all that,  but they think I am joking so we put on our respective televisions to see if its on and then Mother says “Ramos has been sacked”. I’m then thinking she’s winding me up only to put on Sky Sports News and find out she is correct and that Harry Redknapp might be on his way. 10 minutes later he is on the telephone saying “I’m signing in the morning” and as they say the rest is history.

 

Poor Ramos? Well yes and no. He was given no more time that Jol to sort it out but like the end of Jol’s reign I – like many other Spurs fans – could not see where the next point was coming from and with 8 games played, 2 points, 7 more games against the top four so assume no points there, that left 23 games from which to raise the 38 points needed to reach the supposed safety margin total.   As a consequence we set out for White Hart Lane with renewed enthusiasm won the game though Bolton were poor and on Wednesday – courtesy of Bank of Ireland – Duncan and I saw the 4 – 4 great escape and I’ve just watched on http://livefooty.doctor-serv.com the Liverpool game and another Lazarus like comeback. Thank god Sid Waddell does not commentate on Spurs games he would suffer a cardiac arrest.

 

So Spurs may be back, the jokes will subside to some other team (I hope) and Harry will make us the world beaters that Juande was supposed to as Martin was before. Probably not. Clearly Harry’s man motivation skills are second to none and players that could not put one foot in front of the other can now compete for 94 minutes and not know when they are beaten. What does this say about their desire and discipline? Sadly not a great deal but it does show how important leadership on the pitch is. On Wednesday “Jol like” substitutions got Arsenal into trouble and lost them an important 2 points and today Keane’s withdrawal seemed to act as a pick me up for the Spurs team.

 

Robbie has not had the best of it so far at Anfield but his play today was good and reminded of his time at Spurs. For Keane we should now read Modric as he has shown this week that he may be able to take over that mantle in time. These days there are nearly as many subs on the bench as players on the pitch and you can use 3 so they do. Is it really necessary? Years ago we only had 1 sub and he was not slavishly used and certainly the strikers did not always get pulled from the action. A good striker will score with his first kick or his last – depending upon when the chance comes – but all too often the chance falls for someone else as he has come off to get a clap from the crowd? If Lineker had come off every game his goal tally would have been far lighter but these days it is accepted and I think Managers and Coaches should think that one through.

 

This week Spurs also announced the new 60,000 seat stadium. If it gets built fantastic because the atmosphere in the stadium would be worth 2 goals. Having been to The Emirates Stadium this week and seen the Arsenal fans up for the game I can tell you the atmosphere was electric and probably a bit intimidating for the Spurs players.  What’s more the view wherever you sit was excellent and it is certainly on a par with Wembley Stadium. If Spurs can get this built and adequately financed then it might make them the big club they crave to be and Harry suggests. Yes we have a great fan base but we only have a 36,400 capacity; about 2,000 more than West Ham who from Harry’s comments may not be as big a club. I’m sure they’ll let him know all about that when we play them next time and he might want to have a chat with Paul Ince about the reception he might now receive.

 

Until then he has a big job on to look at all the recent signings and decide what squad changes he needs to make. I wish him and our Chairman good luck with this as Harry is good at spending the transfer budget – as Portsmouth and West Ham might tell you – and our Daniel is going to have his wits about him come January that’s for sure.

 

Until then keep up the good work and Come On You Spurs!   

 

 

Categories: Fantasy Football · Nick Forsyth · Sports
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