Plotting Essex's route out of recession
Published: 7 January 2013 at 12:20
Anglia Ruskin event sees business, political and academic figures discuss financial crisis
Leading figures from the Essex business, political and academic communities will discuss the current economic situation and why achieving growth matters to everyone – not just City bankers and Whitehall politicians – at a free public event at Anglia Ruskin University in Chelmsford on Wednesday, 16 January (6pm).
Keith Attwood (Chief Executive of e2v), Cllr Peter Martin (Leader of Essex County Council) and Dr Trevor Bolton (Dean of Anglia Ruskin’s Lord Ashcroft International Business School) will share their views on how each of their sectors can deliver economic growth.
UK public debt continues to rise and, despite record low interest rates, both consumers and the Government are cutting back on their spending and trying to pay off their debts. With companies also being reluctant to invest, the three speakers will discuss what can be done to kick-start the economy and suggest where growth is likely to come from.
Dr Bolton said:
“The current crisis will not just affect all of us, but probably also our children and grandchildren – it is that big. We are in the worst possible type of recession and the only solution is that we can grow our way out of the current predicament.
“The human cost of the financial crisis that began in 2007 has already been huge. The things that we took for granted up to that point, such as growth, credit and prosperity, are now in short supply. With UK output around 3% below its pre-recession levels this is the longest downturn in UK history.
“In Essex we are lucky to have relatively low unemployment but for long-term stable growth we continue to need an educated and trained workforce, and the appetite for self-improvement and risk taking needs to be encouraged.
“Hopefully this event will help people to understand why we are in this situation and provide an insight into what the future might hold for businesses and consumers in Essex.”
The free public event, which begins with a drinks reception, will take place in the Lord Ashcroft Building on Anglia Ruskin’s Chelmsford campus. For further details or to reserve a place, please contact Carole Martindill on 0845 196 6833 or firstname.lastname@example.org