North Wales business leaders get direct line to Bank of England
One of the Bank of England’s monetary experts will be giving an “invaluable insight” into the economy to businesses in North Wales.
Steve Hicks, the Bank of England’s Agent for Wales, will be attending a breakfast meeting to give an off-the-record briefing to members of the Wrexham Business Professionals group at the Maesgwyn Hall on Wednesday, May 15.
The group is made up of successful businesses and skilled professionals working together to promote regional prosperity and shine a light on the enterprise and expertise that exists in the region.
Mr Hicks became Agent for Wales in June 2015 after working in Central Government where he undertook roles analysing the Labour Market, Employment Relations, Business and Regional Statistics as well as measuring National Well-being.
At the meeting Mr
Hicks will be presenting the Bank of England’s Monetary Policy report for May, but he will also be there to listen about how local businesses are faring in the current economic climate.
He said: “Meetings like this are immensely valuable for Bank of England to hear first-hand from business leaders how the economy is performing, to add real colour to official statistics and to help inform policy decisions.
“As Agents’ of the Bank, we put all the information we garner together from across the UK to form a picture of a fascinating and helpnot just where the econoful insight into how the my is likely to go but also economy is doing and where it’s been – often the prospects for the futhat’s half the battle. ture.
According to Wrex“Everything the Bank ham Business Profesof England does has an sionals committee memimpact on businesses in ber Ian Edwards, the Wrexham so it’s impormeeting will be like “havtant that we are able to ing a direct line to the hear the latest thinking Bank of England”. because it’s like being He said: “Steve is a given a road map outlin
nd master of his brief and I ing what might lie ahead am sure he will give us which is important when you’re making important decisions in business.”
Fellow committee member Louise Harper added: “I am sure we will gain a fascinating and helpful insight into how the economy is performing and the prospects for the future.
“Hopefully, there will also be an opportunity for our members and clients to venture an opinion and for our thoughts to be taken into consideration by the Bank of England.”
For more information about Wrexham Business Professionals meetings, events and campaigns go to wrexhambusinessprofessionals. com, email contactus@wrexhambusinessprofessionals.com or ring 01978 752500.