Clydesdale Bank analyst gives Ayrshire businesses latest economic outlook

From: Fame Publicity Services
Published: Sun Apr 04 2010

Ayrshire businesses got the chance to discuss how the Chancellorís 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 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 Bankís 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 Chancellorís 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, managing partner at the Clydesdale Bank Financial Solutions Centre In Ayrshire said: "Nickís 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 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.

"Nickís 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."

Clydesdale Bank

Clydesdale Bank is part of the National Australia Group. Clydesdale Bank was established in 1838 in Glasgow and has a proud history of innovation and support for Scottish industry and communities. With over 150 retail branches and a network of Financial Solutions Centres, Clydesdale is one of Scotland's largest banks. The Bank is currently expanding its operations into the South of England with its innovative Financial Solutions Centres, offering customers a highly integrated business and private banking service.

Financial Solutions Centres

Clydesdale Bank Financial Solutions Centres (FSC) offer Members a tailored range of business and private banking services under one roof. A team of specialist partners, each with considerable local experience, work together to provide Members with end to end solutions for their business and private banking needs. In addition to banking services, the FSCs also operate as a hub for local business, with a range of networking opportunities and meeting facilities available as a benefit of membership.

Over 70 FSCs are located around the UK and in 2006 represented over half of the National Australia Bank Groupís UK income.

Clydesdale Bank
Financial Solutions Centre
43 Alloway Street
Ayr KA7 1SP
Ayrshire, Scotland

Contact: Willie Mackie, Managing Partner
Tel: 01292 272072
Fax: 01292 280202


The Clydesdale Bank Financial Solutions Centre in Ayrshire is a founder member of the Elite Ayrshire Business Circle.

The Elite Ayrshire Business Circle is an association founded in 2007 by some of the top companies in Ayrshire.

Its purpose is to publicise its members, and to celebrate and promote the rich diversity of industry, commerce and business services available within the county boundaries of Ayrshire.

Members include the Clydesdale Bank, Ayr Racecourse, Western House Hotel and South Ayrshire Council. and member company activities include broadcasting, building and construction, architectural practice, estate agency and land management, chartered accountancy, insurance broking, legal services, golf club management, marketing services and brand creation, web design and public relations consultancy.

For further information about The Elite Ayrshire Business Circle and to apply for membership, e-mail


Founder members of the Elite Ayrshire Business Circle:

South Ayrshire Council
Clydesdale Bank
Turnberry Hotel and Golf Resort
Ayr Racecourse
Western House Hotel
CKD Galbraith Property Consultants
Frazer Coogans Solicitors
Accident & Injury Claims Centre
MacKay Corporate Insurance Brokers
Donald Ross Estate Agents:
William Skinner & Son Building Contractors
Sinclair Scott Chartered Accountants
Paligap Creative Agency
ARP Lorimer & Associates Architects
Brunston Castle Golf Club
Fouters Restaurant
Christie Financial Planning Ltd
Allison Lightbody Waddell Chartered Surveyors
Kestrel Press
Fame Publicity Services Public Relations Consultancy
West Sound Radio
Easton Property
Easton Kitchens & Bathrooms

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Fame Publicity Services
Telephone: 01292 281498
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