Cash Management Supplement Summer 2008

Given rising prices combined with the credit crunch and the subsequent liquidity crisis, it is little wonder that cash management has risen up the agenda as much for individual households as for multi-nationals. As Mervyn King, Governor of the Bank of England, recently warned, the threat of inflation and an economic downturn has signalled the end of the NICE era (non-inflationary constant expansion) and instead we may be heading for prices increases and growth slowing (is there an acronym in that?).