Batten down the hatches or unfurl the sails?

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"Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London "Batten Down the Hatches or Unfurl the Sails?" Executive Discussion Evening, January 2009, London

UK: London, 20 January 2009

Speaking at the “Batten Down the Hatches or Unfurl the Sails?” Fujitsu Executive Discussion Evening in London, Dennis Turner, chief economist at HSBC, warned against a knee-jerk slash and burn reaction to the recession. “Smart businesses invest now. If you invest at the bottom of the cycle, everything’s in place when the market picks up,” he advised.

There was also a warning against short-term cost cutting in the public sector by Sir Nicholas Montagu KCB, former chairman of the Inland Revenue. “The difference is that business looks at what efficiency is – doing things smarter – whereas government is just over-focused on targets, just quantum reductions in spending,” he said.

About Fujitsu Executive Discussion Evenings

EDEs are executive forums featuring leading industry speakers and tackling board-level issues. Over 30 EDEs ran in 2008 across the UK, France, Germany, Netherlands, Sweden, Finland, Denmark, Ireland and Spain.

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