The good news is that the recession here in the UK is over – well according to The Institute of Chartered Accountants’ anyway. According to the number-crunchers institute the UK economy is due to grow 0.5% in the third quarter, which off the back of a 0.8% fall last quarter, is quite a turnaround.
The basis for their prediction appears to be a survey of 1,000 members who overwhelmingly shared that their confidence in their respective businesses is on the up. This is indeed good news as expectations are a key driver of economic conditions, so if the bean counters think that the future is bright it could well turn out that way.
I’ve been pondering whether any of this glass half full optimism might extend to the football transfer market as it draws to a close at the end of the month? Can we expect to see the chairman’s purse strings loosen as they prepare to have one optimistic flutter on a big money signing?
My rather dull prediction is probably not. The financial plight of both Liverpool and Man U remain on a knife’s edge and the following pack will probably remain conservative rather than go gung ho. I think there might be one or two exceptions though. I’d back Chelsea to pull a rabbit out the bag and rival Man City for a big name signing and I also reckon someone might seize the day and take Newcastle off Mike Ashley’s hands.
Tags: Chelsea, economy, Institute of Chartered Accountants, Liverpool, Man U, Manchester United, Mike Ashley, Newcastle United, recession, soccernomics, transfer market, transfers
