I sympathise with David Marks (28 August, page 22) and understand it is tough to manage cash flows in this environment. But I would also like to say: PLEASE WAKE UP AND SEE THE REALITY
1 You guys were hired at exorbitant rates in the first place.
2 Even in the boom days, you could not find clients like those in the Middle East who paid as much and allowed you creative freedom over lifetime designs.
3 Prudent businessmen should consider the viability of projects before taking them on.
4 The UK is in a shambles. How many companies are defaulting or renegotiating their contracts? Thousands.
5 Last I heard, most European nations, including the UK, are considering raising capital using an Islamic route.
6 In comparison to most of our other developed economies (the UK and US included), Dubai is facing its first ever deficit.
7 WAKE UP: WE ARE IN A RECESSION.