‘It’s time for us to accentuate city’s economic positives’

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A BUSINESS leader in the new city has called for commercial success to be talked up, despite choppy conditions in the wider economy.

Colin Fox, chief executive of Milton Keynes and North Bucks Chamber of Commerce, spoke out at a meeting on Wednesday, March 22.

“We have a really successful economy,” said Mr Fox at the Chamber Forum at DeVere Harben House, in Newport Pagnell.

“There is evidence that Milton Keynes is continuing to grow and yet we concentrate on the negatives rather than the positives.”

Despite his appeal for good news, Mr Fox presented a slew of grim national statistics from the British Chambers of Commerce.

The economy is stagnant, the forecast for the first part of 2012 is “choppy” with pressures coming from Europe that the government could do nothing about.

Youth unemployment is a major problem and part-time employment is rising, he said.

The only good news was that inflation is set to fall unless there is a shock in international markets, giving wages more spending power and interest rates are considered unlikely to rise very quickly.

Mr Fox said however that Milton Keynes, while not an island, was showing good signs. He said: “There is quite a lot of evidence for the city that, despite the turbulence in the wider economy, we have good prospects.”