At today’s Bank of England Lunch, Tim Pike, the South East Agent for the Bank of England and Chamber members debated the confidence of the Norfolk business community in the current economic climate and how this is could be impacting on productivity in our region.
Attendees noted that whilst business confidence was dipping slightly, another key concern for many employers was recruiting skilled staff. Although apprenticeships were helping to fill some of the skills shortages, this was a long term solution and did not help firms to recruit the more senior skilled workers which are needed now. This is being particularly felt in the manufacturing, engineering and IT sectors. Also discussed at the lunch was Europe, the EU Referendum and the amount of regulatory burdens being placed businesses.
