UK Broker Conference 2011: Hilton upbeat on UK prospects, especially for SMEs
Anthony Hilton, financial editor of the London Evening Standard, told delegates at the inaugural UK Broker Conference that recessions were much worse in the 1970s and that he believed the UK’s economy would improve in 2012.
Mr Hilton, speaking at the event hosted by Insurance Age, said: "Most people under 35 have never seen a recession before. This is my fourth recession and seventh banking crisis.
"My view is that recessions aren't what they used to be. You should have been around in the seventies, that was a recession, this is soft."
He argued that the financial sector would play a key part in the recovery. "There is nothing wrong with most of finance," he said. "People talking about the financial sector as being a
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