Today’s economic recovery shows that, as a nation, we’ve gone back to doing what we do best – shopping and buying houses.
And that’s despite them causing two painful recessions in recent times.
Nevertheless, Mark Berrisford Smith, HSBC bank’s head of economics, says he can see the recovery “broadening out” to reach sectors including manufacturing and he’s optimistic about the UK’s future.
He spoke at a private dinner in Sheffield on Monday night in honour of a contingent of Canadian oil men who are in the city looking for parts, expertise and people.
Business secretary Vince Cable was in Sheffield yesterday too, touring companies and visiting the British Business Bank which he established.
The reason they have all come now is because the fourth Global Manufacturing Festival is being staged this week, with a tradeshow and conference at the Advanced Manufacturing Research Centre at Catcliffe today. A business bonanza should result.
Truly, there is a buzz in Sheffield this week. If manufacturing creates a more stable and rebalanced economy, then the city should be hailed for playing its part.
by David Walsh