By Rachelle Peard. Published on 12 May 2011
20 Chief Financial Officers joined Eton Bridge Partners for an exclusive dinner in the splendid French Dining Room at Cliveden House.
Dennis Turner, the UK Chief Economist at HSBC Bank, gave a highly entertaining and informative after dinner speech to the group, and was keen to highlight the following key points:
- The need to manufacture and export our way out of recession. It is a little known and often misreported fact that whilst manufacturing’s share of the British economy fell, its output continued rising until the mid 2000’s.
- Interest rates are likely to stay low. Whilst inflation is higher than the government wishes, the factors driving inflation i.e. the cost of oil & commodities will not be dampened by rises in UK interest rates.
- UK focussed companies are likely to see less growth than those with significant international interests particularly those with operations in the ‘BRIC’ countries.
Feedback from attendees:
“Spectacular venue, fantastic speaker – hugely entertaining as well as informative”
“It was great opportunity to meet with other CFOs who have shared similar experiences”
“The group size worked really well and was conducive to an enjoyable discussion and networking opportunity”
“Dennis is a great presenter; both thought provoking but with a light touch”