Yesterday, local businesses were invited to hear an economic update directly from the Bank of England at a meeting held at the Chamber’s office in Norwich. A range of businesses attended the event including those from the manufacturing, retail and service sectors.
Tim Pike, the Bank of England’s Agent for the South East, provided an update on the national economy and discussed what the local economic picture looked like from the perspective of the businesses around the table. Business confidence; investment and employee recruitment expectations; quantitative easing; and Brexit were amongst the topics raised at the meeting.
Feedback from the businesses highlighted that whilst an actual Brexit deal is still at least 2 years away, the business community intend to drive their businesses to success and invest for future growth and jobs.
