Bank of England briefing is a big success21st January, 2015
Telford Business Partnership kicked off its 2015 programme with a return visit from ‘The Man from The Bank of England’.
Graeme Chaplin, the Bank’s agent for the West Midlands, was the keynote speaker at the breakfast seminar, held at The Park Inn, which attracted a big crowd.
Graeme, making his fifth visit to address TBP members, gave members and guests an insight into the finer points of the UK’s recovering economy.
He explained how the West Midlands was leading the way in areas such as exports.
“We are also being helped by a resurgent manufacturing sector and supply chain, which is a good news story. Not just Jaguar Land Rover, but a base of tier one and two automotive and aerospace supply companies that are feeding into a variety of manufacturers.
“There is also a strong service sector element here, able to pick up work from firms increasingly willing to look away from the very high costs in London and the south east.”
Graeme said he and his colleagues in other parts of the UK were particularly keen to canvass the views of the business community on wage pressures. A straw poll of the room found that more than half the Telford companies present were planning to increase wages this year.
TBP deputy chairman Geoff Parkes thanked Graeme for, once again, making complex economic issues easy for the audience to understand.
Earlier, Mark Shaw from Telford & Wrekin Council explained some of the work going on at the local authority to promote economic development, innovation and entrepreneurial spirit across the borough.
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