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The Governor of the Bank of England praised businesses in the East Midlands today saying they were at the heart of the UK economic recovery. He also announced that he was freeing up the banks to lend more money to businesses.
It was his first major speech outside London. His visit and support for firms delighted businesses leaders.
The Governor of the Bank of England, Mark Carney, has continued to speak about the economy, in his first speech in the role which is taking place in Nottingham.
He has told listeners that there is only a one in three chance of unemployment coming down quickly to the seven per cent threshold, set by the Bank of England.
He went on to say that the outlook for the world economy and our major export markets is looking a bit better.
The Governor stressed the need to get the banks fixed, to free up money to lend to people to start or grow businesses.
Mark Carney, Governor of the Bank of England says businesses in the East Midlands are are the heart of the UK economic recovery.
Speaking at the East Midlands Conference centre he said:
The new Governor of the Bank of England is due to give his first major public speech today in Nottingham.
Mark Carney will deliver the speech at a business event hosted by CBI East Midlands, the Derbyshire and Nottinghamshire Chamber of Commerce, and the University of Nottingham.