Lindsay Thomas ; Head of Risk and Regulation, Financial Dynamics North East Economic Forum
The Journal › December 10, 2008
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Summary
ON the prospects for the UK economy: "The UK contraction has barely begun. It is going to be at least 18 months until we get to a position where things have bottomed out."
On what should be done to help businesses: "There will be unavoidable bankruptcies and many of them ... Saving firms with inappropriate business models and poor management would be the wrong thing to do now. That will simply delay the correction."See the full content of this document
Extract
Lindsay Thomas ; Head of Risk and Regulation, Financial Dynamics North East Economic Forum
On the banks: "There is intuitive risk aversion in the bank...
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