Michael Saunders Quotes

You've got to look at year-to-date numbers. If I just looked at November, I'd slit my wrists.

- Michael Saunders

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Year | Date | Numbers | Looked | November |

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It is a reminder that the Government has been running a sizeable off-budget deficit via PFI deals and deficits in businesses that are really government-run but structured in a way that aims to technically keep them out of the public sector deficit. - Michael Saunders

A couple of years ago I would have thought that business investment would grow pretty strongly. That hasn't been the case due to a combination of more regulation and taxes, lower-cost countries and pensions and I don't see that changing. It's certainly hard to see business investment recovering enough to get the economy growing above trend. - Michael Saunders

As a result, 2006 probably will see only a modest pick-up in economic growth, rising unemployment and, with public spending still growing quite rapidly, another overshoot in the fiscal deficit. - Michael Saunders