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Black Country Chamber Members Inform Bank of England on Business Views

Graeme Chaplin, Bank of England, addressing the delegates at the Black Country Chamber Leaders LunchIn the second instalment of the Black Country Chamber of Commerce Leaders’ Lunch series, businesses welcomed Graeme Chaplin from the Bank of England to the Holiday Inn, Walsall.

Speaking at the event, Graeme Chaplin explained the latest economic updates and future vision for the Bank of England, reinforcing importance of financial stability, regulation and a robust financial system. As with all business meetings now, Brexit was high on the agenda with Graeme highlighting the surprising lack of impact that uncertainty about future trading arrangements has had to date, but as the potential for uncertainty rises this could impact on the economy.

Graeme Chaplin, Bank of England, commented: “My role at the Bank of England is to listen to the views of businesses regarding the UK economy and how it is impacting their decision-making. Understanding business confidence and growth expectations both domestically and in export markets is critical to enabling the Bank of England to perform its role effectively.”

The Black Country Chamber of Commerce has a very strong relationship with the Bank of England and holds quarterly meetings to inform on businesses views with regards to economic updates and business confidence. Businesses should have their say and get involved in informing and educating on the environment that their company operates.

The Lunch had great participation from businesses feeding back what their challenges and opportunities have been over the last 12 months, especially post-Brexit. The event was attended by members of the Chamber’s Platinum Groups, the Chamber Patrons and Affinity Partners. The Leaders’ Lunch meetings provide CEOs and MDs with an opportunity to meet with fellow leaders and to hear from influential speakers about issues that are pertinent to the region’s development.

Corin Crane, CEO of the Black Country Chamber of Commerce, said: “Our key role as a Chamber is to represent the views and needs of our members at a national level and this is something that I am putting at the forefront of our agenda. Over the coming year we have some high-profile speakers, including MPs and government ministers lined up to speak to our members and hear their feedback. We, as the Black Country, and indeed the wider Midlands region, need to ensure that our voices are heard at the heart of government to ensure that we receive the recognition and investment that we need to grow the region’s prosperity.”

For more information on the Leaders Lunch series, please contact Jayne Shields on 01902 912328.

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