Wednesday, Jul 23, 2008
Economic gloom and financial worries have permeated the public consciousness.
Citywire: The Daily Interview: Parts of UK in recession says Cartesian's Kelly
The weakest areas of the UK economy – banks and house builders - are already in a recession, Andrew Kelly of the Cartesian UK Opportunities fund has said. Speaking after the HBOS rights issue flopped and with the monthly total of construction layoffs above 5,000, Kelly said it was now just a question of who would follow. ‘Sectors of the UK economy are already clearly in recession, it is really now a question of when the sectors under pressure will recover,’ said Kelly.
Posted by jack c @ 10:36 AM (224 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.