Chamber News

Want to get the inside view on the economy’s prospects? Come and meet the Bank of England

Want to get the inside view on the economy’s prospects? Come and meet the Bank of England

Suffolk Chamber of Commerce is offering an opportunity for local businesses to get an insider’s view of the country’s economic prospects at a lunch event with a senior representative of the Bank of England.

Suffolk Chamber is hosting its annual Bank of England networking lunch at which guest speaker Phil Eckersley, Agent in the South East & East Anglia, Bank of England, will be speaking.

Phil will be giving a much anticipated update on the Bank of England's latest economic forecasts from their recently published Inflation Report. Phil will include the outlook for GDP growth as well as CPI inflation and will take questions at the end of the presentation.

Paul Donno, chair of Suffolk Chamber’s Bank of England panel, said “the latest batch of quarterly data from our regular survey work showed that the greatest concern of Suffolk’s businesses was rising prices and the impact they might have on their profit margins.

“This lunch will offer them the chance to understand the Bank’s thinking on inflation as well as the direction in which other key economic indicators are heading. This is intelligence gold dust and I’m looking forward to as many local companies as possible sending someone along.”

Rebecca Pascoe, Suffolk Chamber’s events manager, added “this lunch, which will be held under Chatham House rules, will also allow those businesses present to give their own views on key aspects of monetary policy as well as other aspects of government economic policy.

“This kind of direct access is a vital part of what this Chamber can offer. But spaces are quite limited and anyone interested should contact us as soon as possible.”

The Bank of England networking lunch take place on 11 August at Novotel Ipswich, Grey Friars Road, Ipswich IP1 1UP, from 11:30 to 2:00pm.

Anyone wishing to book a place at the lunch can do so, either online: https://www.suffolkchamber.co.uk/events-networking/suffolk-chamber-events/suffolk-chamber-bank-of-england-august-networking-lunch or by calling (01284) 700800.

Article by Suffolk Chamber