Pictured above: Christine Braddock, president of Birmingham
Chamber of Commerce
As doing business with Europe gets easier, businesses should
take advantage of continued low interest rates and look abroad for
trade said West Midlands business leaders.
Christine Braddock, president of Birmingham Chamber of Commerce,
said yesterday's announcement, that interest rates will remain at
0.5 per cent plus new EU legislation like the single patent for the
European market should provide more incentives.
She said: "Figures from Birmingham Chamber's second quarterly
economic survey of 2011 reveal that both the manufacturing and
service sectors have bounced back by exploiting opportunities
abroad. In the service sector firms report an increase in
export sales which rose to 55 per cent - the highest for over 12
months.
"Some sources expect that interest rates will stay on hold until
2013 and when they do go up, it is likely to go up slowly. So
companies have a reasonable amount of time to exploit new
business."
Enterprise Europe Network, part of Birmingham Chamber of
Commerce Group, produces a list of business opportunities.
For further information call 0121 455 0268.