Advice for Finance Directors
20/05/2014
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
Categories & Tags:
Leave a comment on this post:
You might also like…
Introducing… Scopus
Scopus is one of the largest and most trusted academic databases, indexing millions of peer‑reviewed articles, conference papers, books, and preprints across every major discipline. Scopus contains more than 100 million records and over 30,000 ...
Do you know what makes a Technical Report special?
Writing a technical report is a little different to writing a lab report or an essay for your tutors, requiring a different approach, communication skills and format. What are technical reports? Technical reports are formal, ...
Norman C. T. Liu scholarships providing the next generation of opportunities to succeed in Air Transport Management
Cranfield University is proud to work with global industry leaders who believe in investing in the next generation of aviation professionals. One of those leaders, Norman C. T. Liu, has personally committed to supporting ...
Designing the future of space: My group design project experience at Cranfield
For three years, I worked at Tata Consultancy Services (TCS) in India. While my time in the IT sector provided me with a strong analytical foundation, my true passion had always been anchored in ...
How do I reference lecture notes… in the NLM style?
If your course material contains original content that you want to use in your work, it will need to be referenced as follows: What information do you need in the reference? Author – surname initials e.g. ...
From Nigeria to Cranfield: My journey into Future Food Sustainability
My name is Jolaosho Eniola, and I’m studying the MSc in Future Food Sustainability. I’m originally from Nigeria, and I’m passionate about food systems, food sustainability, food supply chain and creating solutions that improve ...