‘Credit crunch’ – sector won’t suffer significantly, says Laing

Posted on February 1st, by editor in Caring Times. No Comments

Respected sector analyst William Laing has played down the likely effect of the ‘credit crunch’ on the social sector.

Mr Laing was quoted in the Guardian on 8th October as saying the current financial crisis would have little real effect on older people nad others who use social care services. He subsequently told Caring Times that, while providers are feeling the pain of increasing costs, lower profit multiples and a downward pressure on fees, the credit crunch would impact less on social care providers than on other,

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