West Midlands businesses to quiz Bank of England deputy governor

West Midlands businesses will have the opportunity to quiz a senior Bank of England official next week.

Charlie Bean, the Bank of England deputy governor, will attend a free seminar at the Hyatt Hotel on Tuesday (July 21) organised by Birmingham Chamber of Commerce and Industry (BCI).

Bank lending to the corporate sector has fallen dramatically over the past 12 months and Mr Bean will explain why the government is pumping more money into the economy through the quantitative easing programme.

This should mean more money for banks to lend and more money for people to spend. But the latest monthly lending report from the Bank of England shows little evidence that companies are investing.

The event runs from 12.30pm to 2.30pm and is open to non Chamber members as well as members. A buffet lunch will be provided.

Further information is available from the chamber on 0121 607 1772 or email events@birminghamchamber.org.uk

Article published by Midlands Business News on 15 July, 2009

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