As we continue to watch how business and the consumer embrace the new year despite all the difficulties being experienced, it is interesting to see Barclays, which sees nearly half of the nation’s credit and debit card transactions, reveal that spending on essential items increased 8.3 per cent – a sizeable uplift compared to December (5.1 per cent).

This was a question posed by a number of MBA students during a session last week. Their feedback is worth considering.

We have been encouraged by the strong response since we announced the relaunch of The Entrepreneurs Club and it is already bringing together interest from all across the industry.

It is of no surprise, in the present market, that there is increased debate and discussion round the model which has served to reward directors very well and which has arguably encouraged directors to ensure strong return to shareholders, over what may be right for the sustainable long term in a business.