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written by David Dooks on 26/08/2009
The latest BBA figures from our members on lending and deposits provided some cheer in the newspapers this morning, but a discordant tone was set the night before by the Evening Standard front page story (“Banks hold bank home loans”). We have written to the Standard in the hope of putting the record straight, and we willlet you know if our letter is published.
written by David Dooks on 28/04/2009
I am often asked if I can see any green shoots that might signal the beginning of an economic recovery. All I can say is this: as one who has been around long enough to have seen previous recessions I know it’s notoriously difficult to predict the nature and timing of any upturn. I also know that when we do recover – as we surely will – it will not be a steady, even ascent to sunlit uplands. There will be ups and downs and difficult periods along the way.
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