Gloucestershire Businesses learn of economic outlook

2nd April 2013

Gloucestershire businesses have been provided with an update on the major issues affecting the UK and regional economies.
 
Tom Vosa, Chief Economist for Clydesdale and Yorkshire Banks, gave an overview of market conditions to more than 50 local businesses at Clydesdale Bank’s Business and Private Banking centre in Gloucester.
 
Vosa’s talk touched on the economic outlook for 2013, the Budget on 20th March, and the benefit of exporting for the national and regional economies.
 
He said the pace of growth for the remainder of 2013 would remain modest and while a rise in bank lending should provide a boost to the regional economy, any national movements will depend largely on global events.
 
Rob Spearman, Head of Clydesdale Bank’s Business and Private Banking centre at Gloucester Business Park, said Tom’s talk had been well-received by the audience:
 
“Tom has extensive experience of forecasting and economic analysis and his insight is always of great interest to a wide range of sectors.
 
“Clydesdale Bank offers a range of measures to support businesses, such as access to a £1 billion Business Expansion Fund and enhanced switching offers, so we see these events as an extension of our local businesses support. 
 
“Tom’s outlook was extremely informative and we’re pleased a large number of customers and partners could join us for the event.”