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…
Preparing for assignments and exams?
Sorry! We know it seems a bit mean to mention the exams in January rather than looking forward to the break before it! However, we know many of you will be thinking about your forthcoming ...
Screening for FTSE 100 companies on Bloomberg
So you’re researching an index and need some data on its constituent companies? Bloomberg’s Equity Screening tool makes light work of this, not just for the FTSE, but for indices, exchanges and sectors worldwide. Type EQS ...
Accelerating my future: How Cranfield put me on the fast track to automotive safety innovation
Hello! I’m Michaela Kaiser, and I’m thrilled to share my journey studying abroad. I’m from Calgary, Canada, and I recently graduated from Cranfield’s MSc Automotive Engineering course. My path to Cranfield ...
From Myanmar to Cranfield: My path to Renewable Energy
As someone who is passionate about sustainability, my career goal is to build a path in the renewable energy sector. My aspirations comes from the benefits of developing sustainable energy sources and ensuring energy ...
From lifelong dream to circular economy leader: Q&A with Himesha Randeni on the Environmental Management for Business MSc
What does it take to turn a lifelong passion for the planet into a fulfilling and impactful career? For Himesha Randeni, the answer was the Environmental Management for Business MSc at ...
Library services over the Christmas period
Kings Norton Library will be open 24/7 throughout the holiday period as a study space. Library staff will work until 6pm on Friday 19 December and will resume their normal working hours from 9am on ...