Pictured: Graeme Chaplin (left) from the Bank of England
with Graham Davies, chairman of Telford Business
Partnership
Shropshire businesses had the chance to hear the real truth
about the economy thanks to a unique event.
Telford Business Partnership hosted its quarterly breakfast
meeting at the University of Wolverhampton's Telford campus in
Priorslee.
Guest speaker on the day was Graeme Chaplin, the Bank of
England's representative for the West Midlands and Oxfordshire, and
delegates heard his views on the economy and its prospects.
TBP chairman Graham Davies, from Martin-Kaye LLP Solicitors,
said: "The message was that UK growth was likely to remain subdued
in the near term, before picking up further ahead.
"Inflation should continue to fall sharply in 2012, as the
contributions of VAT, energy and import prices decline. But
concerns about the solvency of several euro-area governments
remains, increasing strains in banking markets.
"This was a unique opportunity to hear the Bank's view of
business prospects and their perspective on the future of the UK
economy, and it was a wonderful chance to hear from an expert who
really knows the industry inside out.
"At TBP, we constantly strive to welcome quality speakers at our
breakfast meetings who will deal with topical and sometimes
controversial subjects.
"At this moment, nothing is more topical than the economy,
financial systems and business prospects, so it's clear that with
Graeme we really did have the right man at the right time."