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Will City losses hurt shooting?
Do you think the downward turn in City bonuses will affect the shooting industry?
By Selena Masson, Shooting Times
Wednesday, 19 December 2007
Concerns over the financial state of the City impacting on UK shooting were dismissed recently by industry experts.
The Centre for Economic and Business Research (CEBR) has reported that some 6,500 financial services jobs could be lost in the UK in 2008. The CEBR also predicts that bonuses will fall by an average of 16% to a total of £7.4bn from last year's record of £8.8bn.
Ben Dear, managing director of financial markets search consultancy Mantis Partners, told Shooting Times: "The bonus climate for this year is uncertain, but there isn't a dark depression hanging over all parts of the City. Though many business areas have enjoyed record years, unfortunately for those within these areas, their bonuses are linked not just to individual or desk performance, but to the bank as a whole."
So how will this affect the shooting industry?
"To be honest, there won't be any net down effect in the amount of days booked each year - if anything, shoot and estate owners will continue to enjoy increased demand," said Mr Dear, himself a keen Shot. "The past five years have seen record bonuses and, as such, more people have been entering the sport, either as a guest Gun or, in the lucky case of a few of the gifted and gilded hedge fund managers, through the acquisition of some trophy grouse moors."
The rest of this article appears in 20 December issue of Shooting Times.
What is YOUR opinion? Do you think the downward turn in City bonuses will affect the shooting industry?
Join other ST readers in our forums to discuss your views.
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In this week's issue (on sale 2nd July) shadow DEFRA secretary Nick Herbert MP answers questions on his views on various shooting issues - news on the newly launched Scottish Natural Heritage project to track rare red kites in Scotland and how BASC Scotland uncovered misleading information in the DCS stalking consultation - plus don't miss your chance to win a a team entry to the CLA Celebrity Clay Shoot at the Game Fair worth over £800. Buy yours today!
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