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…
World Soil Day 2023, 5 December – showcasing the Cranfield University Soilscapes Viewer tool
UN World Soil Day on 5 December is a vital reminder of the importance of soil in all our lives. Supporting growth of the food we eat; cleaning the water we drink; supporting the foundations ...
Collect your reservations 24/7 from the SOM Library locker
SOM Library customers, did you know that you can reserve items on Library Search and then pick them up at any time of the day or night from our SOM Library locker using your University ...
How do I reference journal articles… in the NLM style?
References for journal articles are one of the most used reference types for postgraduate research as these sources are frequently used in assignments. In the NLM Numbered Referencing Guide they are listed under periodicals. Periodicals ...
Royal Air Force Officer Kathy: Why I chose to study Safety and Human Factors in Aviation MSc
Growing up in Southampton with her father, an Air Cadet Instructor, Kathy had an interest in aviation from an early age and was committed to join the Royal Air Force from the age of ...
My journey since completing my Counterterrorism MSc
Richard Robinson, a Chevening Scholar, completed his course in Counterterrorism MSc in the Summer of 2023. After traveling to Cranfield from Montego Bay, Jamaica, Richard was the Head of School for the Caribbean Special ...
Net zero in asset management: The concept and the challenge
The concept of net zero has emerged as a key solution in addressing the pressing global challenges of climate change and environmental sustainability. Industries across various sectors increasingly recognise the need to reduce their ...