Brit Panel: ‘UK economy must face new world order’


Adrian Lowery
This is Money
February 24, 2010

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The British economy will never be the same again and boardrooms are refusing to accept the reality: that is the stark warning that came from a panel of experts today.

The environment for business will ‘never return to pre-recession normality’ argues the hard-hitting report from a panel of academics convened by BDO LLP.

Moreover, the panel warned that the economy’s precarious condition is here to stay until 2015.

The report was published at the same time as research from accounting and business services firm BDO showing that 44% of firms believed that the economy would return to ‘business as usual’ within the next two years.

Peter Hemington of BDO said that the global economy has become ‘unnaturally skewed through the rise of India and China’.

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