//
you're reading...
Uncategorized

Advice for Finance Directors

 Two interesting pieces of advice were given by the economist panel at this morning’s ICAEW Finance Directors conference.

1. Tony Greenham from the New Economics Foundation suggested that in developing economies such as the UK, low growth may be the norm. He suggested that one scenario FDs should run through their planning system is “what would happen if we ended up only growing 1% to 2% in the medium term?” This is the situation that countries such as Japan have faced.

2. Warwick Lightfoot, cabinet member Royal Borough of Kensington and Chelsea suggested that although the banking system may not fail, individual institutions may well do so. His top tip is to look at your risk as a corporation to having cash on deposit with certain institutions. A sobering thought.

 

Mike Bourne

 

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: