O'Reilly logo

I Love Mondays: The autobiography of Sir Alec Reed CBE by Judi Bevan, Alec Reed

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 6On the rollercoaster

OUR EARLY LIFE as a public company sped by in a flurry of branch openings and false alarms. We opened 25 new branches in the year to 31 December 1971, taking the total to more than a hundred, and despite torrid economic conditions, we managed a modest 8 per cent rise in pre-tax profits. The postal strike made our lives tough in the first half of the year, in the days before computers or even motorcycle messengers became commonplace. Record unemployment figures followed in the second half of our year. They spooked the government into introducing measures that set inflation racing ahead; but it was good for business because it stimulated demand for jobs.

Helped by the government measures, our profits cruised upwards ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required