Baroness Vadera’s “Green shoots”

Owen, what was your take on the Baroness Vadera “Green shoots” controversy. Faux-pas or “politician in Gives-a-straight-answer shocker!”?

For me the media and The Conservatives seemed to got jump all over it far too readily…the last thing we need at a time like this is everyone behaving like a nuch of schoolkids.

Regardless of the word she used do you think there is light at the end of the tunnel for 2010?

Chris

Chris – to be quite honest, I did not think it was a terribly clever thing to say at a time when so many people are losing their jobs. She said that she was referring to the launch of the various Government initiatives to help sort things out but in my view, it is too soon to know whether these initiatives will have help or not.

To answer your question about when this will all end, I think pretty everyone is agreed that we are going to be in recession until at least the first half of 2010 and that in the meantime, things are going to be really tough. You would have to guess that it will be late 2010 before things start to improve although I am an optimist by nature and I think Obama’s election will at least have some rejuvenating impact as the next few months go by.

Owen

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