Make your own free website on
Recommended Resources Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)




1998-02-24 15:23:51


One-Sixth of British Organizations Won't Make Deadline: 40% of GNP



This report indicates that British firms that produce 40% of the nation's output will not meet the 2000 deadline.

This is from the PA TIMES (Feb. 24).

* * * * * * * *

One in six organisations -- representing nearly 40% of gross domestic product -- will fail to meet the year 2000 computer problem deadline, warns services company Cap Gemini in its latest survey.

"The situation seems to be getting worse as the deadline approaches," responded Robin Guenier, executive director of Taskforce 2000.

"The estimated cost of fixing systems has now risen to 31.8 billion, the figure that we forecast a year ago. Our forecasting to date has proved to be extremely accurate." . . .

Public sector organisations are spending an average of only 400 per employee on Year 2000 projects, compared with 1,900 in the private sector.


Return to Category: Stock_Market

Return to Main Categories

Return to Home Page