Milligan fears dark days ahead

Standard Life's head of Global Strategy gives his views on the recession, Government intervention and what the future holds

Andrew Milligan, you are head of Global Strategy at Standard Life Investments, how long and how deep is the recession going to be? We think it probably will be about as bad as the deep dark recession seen in the 1980s and 1990s. A lot of people think that the 2001 recession should be the comparison - that actually was historically very mild, very modest indeed. And certainly, in terms of the after shocks, the impact on unemployment, we think that will be continuing into 2010. But I think even when we come out of recession, one of the things to warn people about is it looks to be quite a...