I wish banks had never invented the one thing they give us for free
This was a comment I made during a panel at the ACT Conference in Edinburgh, where I joined esteemed speakers in a BBC Question Time style debate, chaired by Andrew Neil, the political journalist and writer.
The other speakers on the panel were:
- Angela Knight CBE, CEO, British Bankers’ Association;
- Robert Waugh, Head of UK Equities, Scottish Widows;
- Sahar Hashemi, Co-Founder, Coffee Republic; and
- Trevor Williams, Chief Economist, Lloyds TSB.
Questions included:
- “Are business ready for stagflation – the nightmare of low growth and high inflation?”
- “Should the UK take advantage of the weakness of sterling today and join the euro?”
- “Dubai, Mumbai, Shanghai, Goodbye? Will China and other economies offset recession in the USA?”
- “After China’s success, which countries would you look to invest in next?”
- “Will the turmoil in the credit markets spread to the equities markets?”
- “Can the panel name any organisation or institution that they think is responsible for this crisis?”
- “Can anyone on the panel name one bank product that they wish had never been invented?”
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