Forbes At The Downtown Lancashire Economic Forum With Bank of England Economist Adam Posen

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At the recent Downtown Lancashire In Business Economic Forum, Adam Posen of the bank of England’s Monetary Policy Committee gave a masterclass on what’s happening in the national and international economy. After a quick grilling from BBC Radio Lancashire, Forbes presented the results of the 2011 Lancashire Business Survey – Lancashire Business Channel was there to catch some of the highlights on camera including some guest appearances by some familiar Forbes faces.

This year’s Lancashire Business Survey shows the county’s businesses to be demonstrating some great resilience in the face of hard economic times. The figures for sustained or increased sales and profitability are in stark contrast to the pervasive media coverage of gloom and stagnation. Lancashire businesses are planning to hold or increase their workforces and to provide them with the right kinds of training and are accessing a variety of sources of funding from banks, grants and private investors.

The Lancashire economy has strength in diversity and the Survey shows businesses across all sorts of sectors including construction and manufacturing battling the economic conditions and coming out ahead. The popular adoption of the maxims “turnover for vanity, profit for sanity” and “look after the pennies and the pounds will look after themselves” in the Survey shows that businesses want to concentrate on doing what they do best at the scale that suits them. The high proportion of SME businesses involved in the survey is a reminder that while some of the County’s larger companies often get the headlines (both good and bad) there are many small and medium sized businesses getting on with the job in hand across Lancashire and making the County’s economy tick.

We are proud to be one of the Lancashire businesses investing in training and doing what we can to help our clients and contacts in these tough times. Visit our website to see what Forbes could do for your business, wherever it is.

Daniel Milnes

About Daniel Milnes

Dan is a Partner and Head of Contracts & Projects. Dan’s blogs cover the areas in which his specialities lie in commercial, regulatory and governance law which cover a broad range of matters dealing with contracts, projects, corporate and group structures, funding and compliance with a range of legal regimes including data protection. This also involves writing and advising on various forms of commercial contracts including joint ventures, development and construction agreements and intellectual property contracts including IT agreements, sponsorships and other rights licensing arrangements.
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