The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Friday, 2 April 2010

Clydesdale Bank analyst gives Ayrshire
businesses latest economic outlook

AYRSHIRE businesses got the chance to discuss how the Chancellor’s Budget will affect the local economy with a top market commentator as part of a series of events hosted by Clydesdale Bank last week.

Nick Parsons (pictured above) is Head of Markets Strategy Europe for National Australia Bank Limited, the parent company of both Clydesdale Bank and Yorkshire Bank.

He spoke to 100 local businesses at lunch and dinner sessions on the 25 and 26 March, organised by the Clydesdale Bank’s Financial Solutions Centre (FSC) in Ayrshire.

Local businesses, professional firms and farmers all got the opportunity to hear and discuss the economy with Nick. The impact of the Budget, future trends in the economy and the agricultural sector were the main topics discussed across the two days.

Nick Parsons said: “During the two days in Ayrshire businesses wanted clarification on how the Chancellor’s changes will affect them and to get a steer on how future market conditions will affect the local, UK and global economy.

“The events in Ayrshire are always well attended and the discussions spark interesting and insightful debates, making coming back to the area worthwhile."

Willie Mackie (pictured above), managing partner at the Clydesdale Bank Financial Solutions Centre In Ayrshire said: “Nick’s informative and insightful commentary is always well received by local businesses. His willingness to open the discussions to a wide range of issues results in the attendees going away with valuable information that will benefit their business.”

Nick Parsons addressed members and guests of the Elite Ayrshire Business Circle at its latest business networking meeting on Thursday 25 March.

Norman Geddes (pictured above) is executive chairman of the Elite Ayrshire Business Circle, and senior partner at Ayr-based Frazer Coogans Solicitors.

Norman commented: “As usual, Nick gave us a forthright and enlightening update about the current state of the UK and world economies.

“Particularly thought provoking was his warning that although the recession is officially over, recovery will be slow and possibly erratic, especially here in the UK. Economic recovery is entirely consistent with an occasional month of zero or even negative growth.

“Nick’s point was that businesses would be well advised not to attempt to expand too quickly or too soon.

“After all, it would be unfortunate to say the least for a business to survive the recession, only to fail during the subsequent economic recovery.

“The Elite Ayrshire Business Circle would like to thank Nick for his latest visit to Ayrshire, and we look forward to his return in the not too distant future.”



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