Permabear Albert Edwards, strategist at Société Générale, has warned the risk of a recession in 2017 is much higher than people anticipate and the year could see similar levels of financial turmoil to those suffered in 2008.
Speaking at Société Générale's annual global strategy presentation, entitled Are investors in denial or do fiscal fireworks mark yet another 'new era'?, Edwards told investors a recession is highly likely...
£44bn committed to sector over five years
Key points from Hammond's 'balanced' Budget
No stamp duty on homes under £300,000
Second Budget this year
Rises in-line with CPI