Bank Boss Wants Slow Recovery
Published / Last Updated on 13/09/2009
Bank Boss Wants Slow Recovery
Royal Bank of Scotland Chief Executive, Stephen Hester, has suggested that a quick recovery from this recession would not be a good thing for the UK.
RBS was the bank that posted the largest corporate losses in UK history and is now 70% public owned.
On BBC TV, Mr Heston told the BBC that "a rather gradual emergence from recession" would be better and more sustainable.
We have to agree. The UK needs to learn from excessiveness. Excessive bonuses, excessive borrowing and credit; and excessive living beyond our means.
Control and caution are the name of the game. The UK has one of the largest economies on the planet and if we are not careful, without astute management, we will let it run away again and experience similar credit problems in a few years.
No more boom bust please.
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