2 | Contents
What does a
recession look like?
The dire threat of recession looms large in the
media, but there are certain signs that we
should expect to see if the current slowdown
turns into a recession. We haven't seen most of
them yet � there is some way to go before the
current slowdown qualifies as a recession.
Rip-off Britain
New research on price comparisons between
the US and the UK provides some evidence
for the `rip-off Britain' charge, albeit less than
headline figures suggests.
Executive pay
Executive pay remains an emotive issue,
but the `fat cat' label is very misleading for
most directors who are modestly rewarded.
Pay should be linked to performance, but
placing a ceiling on it is impractical and
doesn't make economic sense.
Big Picture
Managing Editor:
Graeme Leach
Consultant Editor:
Tom Nash
Graphics and Design:
Alex Grant
Victoria Kelly
Production:
Lisa Robertson
Contributors
Graeme Leach
is Chief Economist and
Director of Policy at the
Institute of Directors. He is also
Visiting Professor of Economics
at the University of Lincoln.
Peter Patterson
is Head of Transport &
Energy Policy and Senior
Economist at the Institute of
Directors.
Malcolm Small
is Head of Pensions Policy
at the Institute of Directors.
William Moore
worked as an economic intern
at the Institute of Directors in
2007-08.
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