Insight into business and the economy

Martin Weale, centre, of the Bank of England's Monetary Policy Committee, visits Scarborough, meeting Andrew Clay, left, director of the Woodend Creative Workspace, with Juliette Healey, the Bank's Agent for Yorkshire and Humberside. Picture by Andrew Higgins 122045c

Martin Weale, centre, of the Bank of England's Monetary Policy Committee, visits Scarborough, meeting Andrew Clay, left, director of the Woodend Creative Workspace, with Juliette Healey, the Bank's Agent for Yorkshire and Humberside. Picture by Andrew Higgins 122045c

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A KEY decision maker from the Bank of England visited Scarborough to speak to local businesses.

Dr Martin Weale, a member of the Monetary Policy Committee, met with 11 Scarborough companies to discuss how their businesses were faring in the difficult economic climate.

He also had a tour of Woodend Creative Industries centre and met some of the tenants. Dr Weale said it was his first visit to Scarborough and his first impression was that it was “a very elegant town”. He added: “Seeing the Crescent, I found myself thinking of Bath. It’s a splendid place.”

Dr Weale’s visit was organised by the Bank of England’s agency for Yorkshire and the Humber. The agency works to get an idea of what is happening locally in the economy and feeds back to the Monetary Policy Committee.

l See a full interview in Tuesday’s Scarborough Evening News.