Lord Neuberger gave a view of the ‘credit crunch’ from the judicial perspective:
“Home owners, people with savings in various banks, those who have saved for pensions, pension funds, individual shareholders, institutional investors, small, medium and large businesses, employers and employees have – they, we, have all suffered."
“There is perhaps no sector of society that has not already been affected, or will not in some way be affected in the future, by the credit crunch and its aftermath. It is probably fair to say that the current financial climate is one which has left a large number of people not just with the perception but, in very many cases the manifest reality of injustice.”
He anticipated increasing numbers of cases arising from the changing financial climate, and touched on how the judiciary might deal with the potential problems – including delays, resulting costs, and insufficient numbers of judges.
