NCA Annual Conference 2009 Robert Elliot Chief Executive.

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Presentation transcript:

NCA Annual Conference 2009 Robert Elliot Chief Executive

A ‘New World’ Order is Upon Us! ARE YOU READY FOR THE CHALLENGE?

 The Global Credit Crunch & Recession  A National Care Service  Changes in Political Direction CAN YOUR BUSINESS SURVIVE?

FIRST THE GOOD NEWS!  The recession is ending in the UK  House prices are rising again  The stock market rally will almost certainly continue into 2010  We have an ever ageing population

NOW THE BAD NEWS!  UK government debt is out of control!  More quantitative easing just announced!  More bank bails outs!  Tax revenue at is lowest since 1932  UK is already the most indebted country inside the G20 countries

NOW THE BAD NEWS!  Hyper Inflation is on its way!  Sterling will continue to lose value  Major cuts in public spending cannot be avoided!  Unemployment will continue to rise

SO ARE YOU IN THE RIGHT INDUSTRY?  The answer depends on your business model.  Do you have a good mix of self funding clients  Can you retain your best staff  Do you have a niche within the care sector  Are you working to a business plan

QUESTIONS!  What are the two main important drivers of Long term growth

ANSWER Population and Free Markets

QUESTION What is the only two things to have grown in Europe in the last decade?

ANSWER Legislation and Bureaucracy

POLITICS  The current government policy is to create a National Care Service  The Conservative policy of paying is a one off payment of £8,000 on retirement will cover your care costs for life!

WORKSHOP Entering a New World…

 Self Funded Residents “Now to Retain Them…....For Life”  Reduce Tax & Increase Profits “B eat Next Year’s Tax Increases and Retain More of Your Profits ”  Planning an Exit Strategy From Your Business “ How to maintain your income in retirement”

Thank You!