The double-dip debate

Martin Weale, a newly appointed member of the Bank of England’s Monetary Policy Committee, cast doubt on the Bank’s growth forecasts for 2010 earlier this week, warning of a “significant” risk of a double-dip recession. Corporate turnaround specialist Anthony Holmes gives his take.

Why have there been so few corporate failures?

Over the past two years, we’ve encountered a recession worse than that of the early nineties. So why have we experienced fewer company failures than expected? It’s all about timing, argues corporate turnaround specialist Anthony Holmes – and if you think your bank’s support over the past two years assures you of its continued support in better times, you’re wrong.

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