Strive Notes

Image by Stephen Poff via Flickr

In fact, even Bank of England Governor Mervin King has finally used the dreaded ‘R’ word and the impact on Sterling was immediate.  Yes, we are in a recession and anyone who thinks it’s not going affect the Isle of Man should have their head read.

Indeed, the National Institute of Economic and Social Research says the UK is on the brink of its first full year of recession since 1991.  It says Britain will suffer the worst setback of all leading economies.   As the Isle of Man’s economy is strong linked to the UK’s we must take note.

With everything going on in the global banking industry, few people in the Island have been untouched by the events of the past few weeks.   And, it won’t be long before the ramifications trickle into most other industries, including technology.  Click here to read the rest of this Tech Talk column.

Filed under: Tech Talk