Panel:
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Sir John Gieve - Adviser to GLG Partners and former Deputy Governor of the Bank of England
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Trevor Greetham, Director of Asset Allocation at Fidelity International
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Stewart Cowley, Head of Fixed Income at Old Mutual Asset Management
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Frances Hudson, Global Thematic Strategist at Standard Life
Topic:
The US and UK face a common problem - they both suffered a financial bust after a housing boom fuelled by lax lending standards and an over-leveraged banking system. Their response to the crisis was identical, with the UK leading the way in the use of public money to recapitalise the banks, kick-start demand and reflate asset prices.
However, two years on, their approaches have completely diverged. The UK is again taking the lead with bold, front-loaded fiscal retrenchment. In contrast, the US is going for growth, easing fiscal policy over 2011 while the White House sketches out a strategy for reducing the deficit with spending cuts not anticipated to gain full force until the presidential term after next.
They can't both be right. In this debate, we will look at the different approaches taken by the UK and US.
The debate will be chaired by Tom Stevenson, Investment Director at Fidelity International.
Date: 27 June
Location: Fidelity International, 25 Cannon Street, London, EC4M 5TA
Time: 3.15pm for a 3.30pm start. The debate will last for one hour and afterwards there will be a chance to put your questions to the panel.
NB: This debate is open to Journalists only
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