UK economic outlook "bleak" says BA executive

[winterbadger]

from the Independent



Economic recovery is at least two years away, British Airways chief executive Willie Walsh said today.

And the outlook in the UK is "perhaps bleaker" than in other countries, he added.

Speaking in India, Mr Walsh said: "For us in the UK, the outlook is certainly no easier than anywhere else.

"Because of the high importance of the financial services sector, it is perhaps a bleaker outlook than in other countries.

"At the moment, I would expect things to continue getting worse rather than better.

"I cannot see the bottom of this crisis yet. There is some distance to go, and I would expect this very difficult environment to last for at least another 24 months."

This (the underlying economic situation, not Walsh's statement in particular) and a number of other factors have me close to putting my plans to move on hold for the foreseeable future. :-(

Comments

[silme.livejournal.com]

It's amazing how much bleaker it becomes the more the media tell us it's becoming bleaker. ;)

I wouldn't wrap chips in the Mail, btw -- wouldn't want the contamination on my food! ;)