Banks blamed for downturn

David Quainton 24-Apr-08

Senior PR consultants attribute economic uncertainty to actions by the financial sector, according to the latest PRCA PR Leaders' Panel survey.

A majority of the PRCA PR Leaders' Panel place the blame for the current UK downturn at the doors of the banks, with 65 per cent believing them to be very responsible, and a further 32 per cent believing they have contributed to the situation.

'Only three per cent of PR leaders absolve the banks of responsibility for the position we are in - that says it all,' said PRCA director general Francis Ingham.

'The finance sector is going to have to manage its reputation very carefully over the coming months,' he added.

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