The latter part of last week brought the ‘marmite’ topic of the Brexit bill sanctioned by the High Court. As expected it flew through the Commons with an overwhelming majority, but you can’t help but feel the longer it takes to just get done, the harder businesses and the UK economy will find it. Market researcher Ipsos Mori found 58% of respondents (of which 114 were from FTSE 500 companies) said their firms had suffered since last June’s exit vote. Further down the food chain, a survey by the British Chambers of Commerce has found more than half of small and medium-sized firms say they will increase their prices this year due to the weak pound.
Across the pond, corporate America had its annual endorsement fest with Super Bowl LI (51) last night as it left forgot about Trump’s administration to gorge on sport, taking its sweet time in the process. I managed to stay awake until the start of the 3rd quarter but couldn’t keep my eyes open much more. Long gone are my university days of watching NFL games until 3am because there is nothing else to do.
After doing a bit of digging, it appears that Super Bowl adverts only cost measly $5million this year and with over 100 million viewers, that’s still a bargain according to Forbes. Business Insider pieced together a few tweets and social media posts from fans inside the stadium, sharing the prices of food and drink at the game. A round of beers for you and 3 friends – $44.
We normally stick to vehicle finance and asset finance. Although, next year if anyone is going over for the once in a lifetime show, we’ll give the vendors a ring and help finance some food and drink for you!
Back over here in reality, we’re continuing our travels working on a wide range of businesses. One of the directors is heading down to Bath tomorrow to discuss some potential opportunities. It’s a lively start to February so far!