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Recession proof businesses
Sales of luxury items such as restaurant meals, fashion, entertainment and holidays may reduce whereas companies providing staples such as groceries will not experience the same kind of downturn, Derbyshire said.
Some businesses will benefit from the crunch, Derbyshire predicts. “If, for example, people can't afford a new car, then they might turn to the second-hand market," he says.
This week the NFEA will be running a range of tailored events such as seminars, surgeries and workshops for business owners.
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