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BUSINESS : ECONOMICS : MANAGEMENT
MERCIAR BUSINESS CONSULTING was founded by Damian Merciar in 1998, after an international background in applied business consultancy encompassing FTSE 100 firms, right across to private client development initiatives in the Middle East.
Business Consultancy, as distinct from Management Consultancy, emphasises the achievable, through vital operational staff input – as opposed to an oftentimes misapplication of Strategy from on high. Results are greater and longer lived, the lower down the value added chain they are implemented. Strategic enhancement is a critical later addition, not a starting point.
 After a first degree in Economic History, Damian Merciar, the founder of Merciar Business Consulting, won a competitive international scholarship to the prestigious Hebrew University, Jerusalem. After completion, he returned to study for an MBA at the University of Kent.
All of our proposals are intellectually rigorous and constitute best practise. A lengthy exposure to cutting edge management and business economic principles ensures operational recommendations are designed to fulfil two main objectives: profit enhancement and the sustainability of that enhancement.
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A t a time when there is little consensus on the severity of the storms that approach us – the prevailing view at
least, appears to be for a hold in
Interest Rates by the UK Monetary Policy Committee (MPC).
The comparison with
the US
economy, in relation to the housing
market, is necessarily limited – as the
relation of demand and supply is very different. In the UK, we still have demand way ahead of supply, so any house price fall is likely to be more muted
and subject to corrective limitations. Prices are unlikely to fall
substantially – even if the rate of increase has itself dropped noticeably over
the last few months.
However – of course, it is not only for the sake of house prices that
the experts comprising the MPC will determine Interest Rates; it is for the
general feeling of wealthiness – and the prevailing inclination to retail
consumption – that house prices are the best indicator. If a person’s main asset
is falling, then they are less
likely to consume – further undermining impetus for growth.
Moreover – the link
between the Pound and other currencies is also a key determinant: if Interest
Rates are lowered, then
internationally the Pound seems less of a good option than before – lowering its
exchange rate. This in turn has inflationary effects,
as consumption from imports become correspondingly more expensive – causing further
tightening and concern. As has been noted also – the UK Chancellor (Finance Secretary), Alistair Darling,
has very limited room for manoeuvre with Fiscal Policy: UK Government debt is
at too high a level to start easing the fiscal reins….we wait in anticipation.
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