Article: Recession will hit us despite Culture year; City accountant says we won't escape IN ASSOCIATION WITH Rensburg Sheppards.(Business)

Byline: BY ALEX TURNER Daily Post Business Staff

THE idea that Liverpool is insulated from a recession by the impact of the Capital of Culture has been described as "wishful thinking" by a senior Liverpool accountant.

Howard Hackney, a partner at Grant Thornton, Liverpool, expects a recession to hit the UK economy and predicts the September and December quarters will show negative growth.

Mr Hackney disagrees with Jack Stopforth, chief executive of Liverpool Chamber of Commerce, that "local factors" can help the city's businesses avoid the worst of the economic troubles.

Mr Hackney said: "From a Liverpool perspective, it's very buoyant and attitudes are ...

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