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<br /> INTELLIGENCE AND INSIGHT FOR ICAEW MEMBERS<br /> ISSUE 2 | MARCH 2012 | ICAEW.COM/ECONOMIA<br /> CATHY NEWMAN JOHN REDWOOD PENNY POWER MICHAEL D. WATKINS<br /> JULIA WILSON NIGEL EASTAWAY GEORGE MAGNUS JAMES DUBOIS<br /> RINGING THE CHANGES<br /> VODAFONE CFO ANDY HALFORD TALKS TOUGH<br /> ON TAX, INNOVATION AND MOBILE DATA<br /> BUDGET SPECIAL | HOTEL CHOCOLAT | LEGAL SERVICES ACT | CREATIVE FINANCE<br /> WE CAN FUND YOUR CLIENTS'<br /> GROWTH PLANS TO THE LETTER<br /> But we can't stop them txtng in mtngs<br /> Business Finance for the Real World<br /> Here at ABN AMRO Commercial Finance, we work in the real world and know that life can be<br /> full of ups and downs, obstacles and frustrations. But we can allow ourselves to smile at all<br /> these things once the big issues have been dealt with – like funding the growth of your clients'<br /> business. As Venture Finance we helped thousands of bus<a title="Economia page 1" href="http://viewer.zmags.com/publication/c4b289fc?page=1"> INTELLIGENCE AND INSIGHT FOR ICAEW MEMBERS </a> <a title="Economia page 2" href="http://viewer.zmags.com/publication/c4b289fc?page=2"> WE CAN FUND YOUR CLIENTS' GROWTH PLANS TO THE LET</a> <a title="Economia page 3" href="http://viewer.zmags.com/publication/c4b289fc?page=3"> e budget must promote growth over austerity Whe</a> <a title="Economia page 4" href="http://viewer.zmags.com/publication/c4b289fc?page=4"> DAILY INSIGHT AND FRESH ANALYSIS ONLINE </a> <a title="Economia page 5" href="http://viewer.zmags.com/publication/c4b289fc?page=5"> ECONOMIA Contents March 2012 MARK HARRISON </a> <a title="Economia page 6" href="http://viewer.zmags.com/publication/c4b289fc?page=6"> ECONOMIA Contents People and quotes Some of t</a> <a title="Economia page 7" href="http://viewer.zmags.com/publication/c4b289fc?page=7"> Powerful team. Independent spirit. As one of the</a> <a title="Economia page 8" href="http://viewer.zmags.com/publication/c4b289fc?page=8"> AWARDS 2011 WINNERS Seven great reasons t</a> <a title="Economia page 9" href="http://viewer.zmags.com/publication/c4b289fc?page=9"> Contributors Editorial advisory board Chair: A</a> <a title="Economia page 10" href="http://viewer.zmags.com/publication/c4b289fc?page=10"> In review The stories that matter most from the m</a> <a title="Economia page 11" href="http://viewer.zmags.com/publication/c4b289fc?page=11"> THE AUDIT £888m GADGET OF THE MONTH GAD</a> <a title="Economia page 12" href="http://viewer.zmags.com/publication/c4b289fc?page=12"> Good news bad news Barclays, lent 14% mo</a> <a title="Economia page 13" href="http://viewer.zmags.com/publication/c4b289fc?page=13"> THE AUDIT Talking point Is HS2 a waste of pu</a> <a title="Economia page 14" href="http://viewer.zmags.com/publication/c4b289fc?page=14"> EVENTS TO LOOK OUT FOR PLATFORM 2012 17-18 March </a> <a title="Economia page 15" href="http://viewer.zmags.com/publication/c4b289fc?page=15"> THE AUDIT MUIR VIDLER As I see it Mark Donnelly</a> <a title="Economia page 16" href="http://viewer.zmags.com/publication/c4b289fc?page=16"> Salary survey Recruitment firm Hays has published </a> <a title="Economia page 17" href="http://viewer.zmags.com/publication/c4b289fc?page=17"> THE AUDIT European tour With the European Union's</a> <a title="Economia page 18" href="http://viewer.zmags.com/publication/c4b289fc?page=18"> THE BIG IDEA Daniel Goleman Emotional intelligenc</a> <a title="Economia page 19" href="http://viewer.zmags.com/publication/c4b289fc?page=19"> THE AUDIT The graph Twitter top 100 </a> <a title="Economia page 20" href="http://viewer.zmags.com/publication/c4b289fc?page=20"> Tales from the front line Real stories from th</a> <a title="Economia page 21" href="http://viewer.zmags.com/publication/c4b289fc?page=21"> THE AUDIT </a> <a title="Economia page 22" href="http://viewer.zmags.com/publication/c4b289fc?page=22"> Michael Izza Is the UK open for business? T </a> <a title="Economia page 23" href="http://viewer.zmags.com/publication/c4b289fc?page=23"> opinion Thank you for the </a> <a title="Economia page 24" href="http://viewer.zmags.com/publication/c4b289fc?page=24"> Penny Power Thedigital generation means business </a> <a title="Economia page 25" href="http://viewer.zmags.com/publication/c4b289fc?page=25"> OPINION Cathy Newman Lies, damned lies and dubiou</a> <a title="Economia page 26" href="http://viewer.zmags.com/publication/c4b289fc?page=26"> OPINION Jason Cowley Salmond's leap of faith I </a> <a title="Economia page 27" href="http://viewer.zmags.com/publication/c4b289fc?page=27"> PwC Manual of accounting series 2012 Expert finan</a> <a title="Economia page 28" href="http://viewer.zmags.com/publication/c4b289fc?page=28"> Michael D. Watkins Leadership in a time of crisis</a> <a title="Economia page 29" href="http://viewer.zmags.com/publication/c4b289fc?page=29"> opinion Letter from America Agency assassins don’</a> <a title="Economia page 30" href="http://viewer.zmags.com/publication/c4b289fc?page=30"> Land of opportunity Colombia is shrugg</a> <a title="Economia page 31" href="http://viewer.zmags.com/publication/c4b289fc?page=31"> COLOMBIA IWAN BAAN, ANDREW ROWAT, GETTY IMAGES, </a> <a title="Economia page 32" href="http://viewer.zmags.com/publication/c4b289fc?page=32"> COLOMBIA COLOMBIAN BUSINESS ETIQUETTE What</a> <a title="Economia page 33" href="http://viewer.zmags.com/publication/c4b289fc?page=33"> </a> <a title="Economia page 34" href="http://viewer.zmags.com/publication/c4b289fc?page=34"> Norway AT A GLANCE Continuing our pro les of busi</a> <a title="Economia page 35" href="http://viewer.zmags.com/publication/c4b289fc?page=35"> NORWAY IWAN BAAN INTERNATIONAL IMPORTANCE Thank</a> <a title="Economia page 36" href="http://viewer.zmags.com/publication/c4b289fc?page=36"> Despite macro-economic shocks and with two signi </a> <a title="Economia page 37" href="http://viewer.zmags.com/publication/c4b289fc?page=37"> COVER STORY </a> <a title="Economia page 38" href="http://viewer.zmags.com/publication/c4b289fc?page=38"> “We need to be focused on value for money, but ou</a> <a title="Economia page 39" href="http://viewer.zmags.com/publication/c4b289fc?page=39"> COVER STORY </a> <a title="Economia page 40" href="http://viewer.zmags.com/publication/c4b289fc?page=40"> Make a smart career move to Christchurch In Febr</a> <a title="Economia page 41" href="http://viewer.zmags.com/publication/c4b289fc?page=41"> INTERNATIONAL AUSTRALIA PHOTOGRAPHY: PATRICK BIN</a> <a title="Economia page 42" href="http://viewer.zmags.com/publication/c4b289fc?page=42"> How bad is the British economy? What are its pros</a> <a title="Economia page 43" href="http://viewer.zmags.com/publication/c4b289fc?page=43"> BUDGET SPECIAL EYEVINE OPPORTUNITY A panel of m</a> <a title="Economia page 44" href="http://viewer.zmags.com/publication/c4b289fc?page=44"> 1997-2007 George Osborne is following in the foo</a> <a title="Economia page 45" href="http://viewer.zmags.com/publication/c4b289fc?page=45"> BUDGET SPECIAL 1983-1989 1990-19</a> <a title="Economia page 46" href="http://viewer.zmags.com/publication/c4b289fc?page=46"> Steve Harley – Relationship Director, Lloyds Bank</a> <a title="Economia page 47" href="http://viewer.zmags.com/publication/c4b289fc?page=47"> GROWTH SUPPORTING MEDIU</a> <a title="Economia page 48" href="http://viewer.zmags.com/publication/c4b289fc?page=48"> BUSINESS IS SWEET With exibility, resili</a> <a title="Economia page 49" href="http://viewer.zmags.com/publication/c4b289fc?page=49"> GROWTH JAMES BEDFORD economia MARCH 2012 </a> <a title="Economia page 50" href="http://viewer.zmags.com/publication/c4b289fc?page=50"> From the cocoa bean harvests of its St Lucia plan</a> <a title="Economia page 51" href="http://viewer.zmags.com/publication/c4b289fc?page=51"> growth research. “We have 100,000 me</a> <a title="Economia page 52" href="http://viewer.zmags.com/publication/c4b289fc?page=52"> CONRADO ARDUINI 52 </a> <a title="Economia page 53" href="http://viewer.zmags.com/publication/c4b289fc?page=53"> STRATEGY SURVIVAL </a> <a title="Economia page 54" href="http://viewer.zmags.com/publication/c4b289fc?page=54"> because we are still not out of recession. “The e</a> <a title="Economia page 55" href="http://viewer.zmags.com/publication/c4b289fc?page=55"> STRATEGY </a> <a title="Economia page 56" href="http://viewer.zmags.com/publication/c4b289fc?page=56"> Retain iiA half page ad Feb 12_Layout 1 10/02/201</a> <a title="Economia page 57" href="http://viewer.zmags.com/publication/c4b289fc?page=57"> FINANCING CREATIVITY Creative thinking Th</a> <a title="Economia page 58" href="http://viewer.zmags.com/publication/c4b289fc?page=58"> From left: A production of Gogol's Government Ins</a> <a title="Economia page 59" href="http://viewer.zmags.com/publication/c4b289fc?page=59"> FINANCING CREATIVITY </a> <a title="Economia page 60" href="http://viewer.zmags.com/publication/c4b289fc?page=60"> Left: Colin Firth and Helena Bonham Carter in The</a> <a title="Economia page 61" href="http://viewer.zmags.com/publication/c4b289fc?page=61"> FINANCING CREATIVITY THE UK'S CREATIVE SE</a> <a title="Economia page 62" href="http://viewer.zmags.com/publication/c4b289fc?page=62"> LEADERSHIP BEYOND NUMBERS As the role of na</a> <a title="Economia page 63" href="http://viewer.zmags.com/publication/c4b289fc?page=63"> </a> <a title="Economia page 64" href="http://viewer.zmags.com/publication/c4b289fc?page=64"> “In a recession companies have to be focused on t</a> <a title="Economia page 65" href="http://viewer.zmags.com/publication/c4b289fc?page=65"> leadership NiNe steps to prepare for the Gro</a> <a title="Economia page 66" href="http://viewer.zmags.com/publication/c4b289fc?page=66"> Marching to a di erent tune </a> <a title="Economia page 67" href="http://viewer.zmags.com/publication/c4b289fc?page=67"> Profile would I be? 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