So is everything OK 'Darling'?
The UK Economy - 'Darling is Everything OK?
Dennis Turner, Chief Economist for HSBC presented his view on the UK's current state of economic affairs at a breakfast briefing on Wednesday 15th October 2008 at the Courthouse Hotel in London's West End.
Dennis provided a fascinating economic insight into the current crisis surrounding the credit crunch and what the future holds. The following is a brief summary highlighting the key messages from Dennis' speech.
Things will be tough for many, but there are reasons to be optimistic; inflation and interest rates are set to fall significantly, which will mean cheaper goods, cheaper borrowing and cheaper servicing of debt (there’s a mountain of that to clear up) - all good news for consumers and businesses.
Aside from the issues in the banking world, the economic framework is essentially ok and the UK economy should emerge stronger after a period of correction. Confidence levels are crucial though.
Dennis’s Top Tips
For a daily update on the prospects of the economy look no further than :
- Price of Oil (barrel)
- Libor rate (the rate at which banks lend to each other)
Falls in both are extremely good news (and they have started to fall).
Find out more information on Angela Mortimer Plc's 4Rs business briefing series.
Thank you to everyone who attended the seminar with Dennis on Wednesday 15th October 2008, and thank you Dennis! The feedback on the event has been hugely positive.
"Thank you for the seminar this morning. It was a refreshing change that [you] had thought to engage both the Hearts and the Minds of your audience. It really set you apart."
People Director, BEcause Experiential Marketing