One of the best economic columnists writes for the Telegraph, Ambrose Evans-Pritchard. His latest lucid piece highlights the global and relatively early nature of the recession.
As he writes. "Factory output is collapsing at the fastest pace everywhere. The figures for the most recent month available are, year-on-year: Taiwan (-43pc), Ukraine (-34pc), Japan (-30pc), Singapore (-29pc), Hungary (-23pc), Sweden (-20pc), Korea (-19pc), Turkey (-18pc), Russia (-16pc), Spain (-15pc), Poland (-15pc), Brazil (-15pc), Italy (-14pc), Germany (-12pc), France (-11pc), US (-10pc) and Britain (-9pc). Norway sails blissfully on (+4pc). What do they drink up there?
This terrifying fall has been concentrated in the last five months. The job slaughter has barely begun. Social mayhem comes with a 12-month lag. By comparison, industrial output in core-Europe fell 2.8pc in 1930, 5.1pc in 1931 and 3.9pc in 1932, according to RBS. "
Little surprise. Unemployment is going to rise with an increase in employment tribunal claims.
The key in this is the way to respond.
My firm is seeking to address this need by focusing on providing free mediation assessements to see if one's dispute is suitable for mediation. On the basis it is we offer a fixed fee mediation service which is proven to work in at least 70% of cases.
With legal fees no doubt staying static and not declining, is not time to take the plunge and mediate?