For comparison against last year’s report.
The important figures we do know
2011 – £90M
2012 – £78M
(not including pension)
2011 – £70M
2012 – £56M
2011 – 77%
2012 – 71 %
If we want to get to say 60% ratio you can see why we are still cutting and very very hard. Thanks to a collapse in turnover (Mcleish) we have to cut harder ! This is mirroring the UK economic situation so much.
Turnover this season will hardly be much higher apart from Macron deal.