Firms to feel the squeeze in 2008

Escalating economic worries, higher prices and tighter spending will combine to make 2008 a much tougher year in the Insurance Brokers market, according to business analysts Plimsoll Publishing.

David Pattison, senior analyst at Plimsoll Publishing, commented on 2007 and forward to the New Year. “Almost every sector of British business stands at a crossroads as it prepares for the coming 12 months. With uncertainty in the economy, some will want to sit tight and do nothing radical. Others will need to cut costs quickly to weather the possible storm. But some who have built up large cash reserves will be looking at this period of difficulty to make acquisitions at a bargain price. So