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The longer they wait, the tougher the problems will become and the greater will be the risk of serious shocks to the system.
Since the recession ended in 2009, large firms have been healthier than small firms, which could explain why employment consistently strengthens in the fourth quarter and weakens in the second.But perhaps the most persuasive explanation for the seasonal swoon is mere coincidence: serious shocks happen to have unfolded over the spring and summer months.
Similar(56)
I was in for serious shock.
"It makes a huge difference and it's a serious shock to the system," admitted Lewis Hamilton.
Even in the best case this would cause a serious shock to the UK economy".
As the feted ghostwriter of Andrew Loog Oldham's memoirs, 2Stoned, one of Spence's claims comes as a serious shock.
"Cracked sockets, frayed or bare wires and loose connections can cause a serious shock or start a fire," he said.
In a country heavily dependent on hydrocarbons (97% of its total exports) this is a serious shock.
To persuade the house and the country to avert their eyes from this raid on the vulnerable he needed some serious shock and awe.
Leaving the European Union would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020, a report commissioned by the CBI business lobby group has warned.
The layoffs would be a serious shock to the company, which was founded in 1980 and has experienced a virtually continuous rise in sales and profit since its first product, Epogen, reached the market in 1989.
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