Now's a Good Time for the Cash Mountain to Be Spread About a Bit

Birmingham Post › April 14, 2005

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Summary

Amid the cries of pain from shopkeepers (other than Tesco) and dire warnings about the state of pension funds and tax increases waiting for us the far side of the election, there is an amazing lot of cash about.

It is piled up in company balance sheets, and not only in Britain. This is a global phenomenon that Legal & General's head of equities, Mark Burgess, traces back to the tech share crash in 2000 and the terrorist attacks in America 18 months later.

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Extract

Now's a Good Time for the Cash Mountain to Be Spread About a Bit

Britain escaped the all-out recession that struck every other developed country, but directors of British companies got the frig...

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