Trading in Europe and the World as a whole is an important element for most large organisations as well as governments, therefore we thought that completing a Trading Review for Europe was an important area to discuss.
After recent years of Banking errors from over charging, forcing closures of businesses, as well as unfairly selling insurances to its own customers, The Banks as a whole are becoming more and more untrusted by both businesses and consumers alike. This area is a great concern, especially within todays business markets around the world, as they create uncertainty for shareholders and businesses also, this is due to reserves being placed by the banks to cover the compensation they owe to the very people they have unfairly overcharged. Large banks such as Lloyds, RBS and Barclays have set aside Millions of money, to ensure they are covered for payouts etc. This has left not only the Shareholders out of pocket, in relation to Dividend payments, but also has left a big question mark as to how this was allowed to happen in the first place. A good example of this, relates to the Risk of any Personal Injury or Unfair Dismissal cases, that potentially these banks may or may not have to pay compensation for over the next few years. Created a Budget or allocation of monies into this particular element of risk is unheard of, and in some cases would be higher in value, dependent of course on the amount of claims etc.
Whilst we are all looking to find growth within the European Union for trading and increasing GDP levels , we do question which countries are gaining unfairly, with regard to Corporation Tax avoidance, Increase in Export, as well as employment contracts. Most organisations in the past decade have moved heaven and earth to find Tax Havens, as well as agreeing export contracts with an array of Countries, most especially with Military and Pharmacy based products.
The ideals of the United Nations many years ago, was to ensure a fair playing field for Business and Commerce around the World, this sadly is not the case, especially when looking at the World’s Countries as a whole. From poverty to wars and civil unrest, the problems do appear to be worsening. These types of issues, do have a global impact on Countries, people and of course Financially. The European Union does assist quite well for some of the aforementioned issues, however there is a lot more that could be done. The International Monetary Fund is a fantastic organisation, that offers extremely good advise for all of the above issues, however there is simply no consistent willingness to change on a global basis. A good example of this issue, can be seen clearly when we look at the percentages of people with large fortunes against the people with very low finances. If we looked at countries such as Russia, America and the UK, the figures are quite blatantly biased, and do not reflect a fair and even system for society.
As to why the Riches 85 people in the World own the same financial wealth as the bottom half of the population, this is a startling fact that highlights just why the system is not far. In the last few years, in the USA alone, the riches 1% of people hold 95% of income gains, why this exists or is allowed to exist is quite simply bizarre. One of the clearest ways of resolving this and also offers Governments more finances for the poorer people in society is to increase taxation for the 1% of people that hold this wealth. In the USA the bottom 90% have become poorer, this again highlights why the current systems in place are not working equally. The inequality in relation to Finances around the world are clear to see, and must be looked at in a global manner.
As to exactly how the worlds leaders can resolve these issues, we recommend an open discussion by all parties, opening up dialogue to the hard facts above. This along with a systematic plan of action, can be the only way these inequalities can be resolved. After all, the evolution of the United Nations and the IMF are good working models as to how changing the global economy can be done, all we need is cooperation and a long term perspective and social responsibility. There are of course people globally that are without homes, food and a basic standard of living, these should be the first items on the Agenda, with a view to global responsibility by each and every country, after all the European Union works well for the countries within it, so a global arm would be a good step to initiate such as large scale solution.
We have been reviewing some data and statistics on the IMF website, for more resources we recommend reviewing The Official Statistics and Data for the IMF website which hosts a wide choice of important factual data. In addition the United Nations Research Guides are very helpful resources of interest within this subject matter.