Just as we were adjusting to the impact of higher food, fuel and power prices, then tour operators going out of business with a corresponding effect on air fares, along came the events of this week. These events are still unfolding and there's definitely more to come.

 

Fear and panic was in the air globally, so when the Northern Rock run started to happen to HBOS it was not surprising to find Goverment welcoming the HBOS Lloyds merger with open arms - even throwing monopoly considerations out the bath in order to reach stability.

 

However, perhaps these financial shockwaves have finally burst the bubble of false prosperity we have all been living in to some degree or other.

 

The 'good' news appears to be that inflation is peaking, interest rates will fall and perhaps individual and collective reality will be restored. Some of the changes along the way will be painful but they must be embraced otherwise we cannot move on.

 

At the weekend I visited Callendar House in Falkirk. One of the displays depicts the ingenious developments which followed difficult times. This is true not only in the Forth Valley but also throughout the UK. Indeed the keys to this relatively small island being far more powerful than size would dictate lay, and still lie, with perseverance and ingenuity.

 

At Popinjay we are determined to play a part in business generation and regeneration. We are not politicians, nor can we directly influence government, but in practical terms we can work with businesses and individuals to promote changes toward a healthier and more stable economic climate.

 

It's time to get the jacket off!

 

Laing Cullen