IFAs should prepare for 'much tougher year' in '08

It cites heightened economic woes, rising inflation and tighter consumer spending as factors that will adversely affect the sector next year. Plimsoll's senior analyst, David Pattison, said: "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." For...