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Savoy fayre

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Gerald Ronson's annual lunch for the great and the good of the property and business world took place at the Savoy as usual, and a jolly time was had by all. The after lunch speaker, banker Sir Brian Pitman, told a most unsuitable (but quite funny) St Patrick's Day story about a nun, a mistress, a monk and a packet of Maltesers. On a more serious note, he warned that parts of the economy are now deflationary, and that few have experience of managing such a situation. Advice to architects faced with this economic condition is: cut your borrowings as quickly as possible.

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