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CBI at the inaugural FMA Chairman's lunch

17 December 2009

The CBI's deputy director general, John Cridland presented some interesting economic forecasts when he spoke at the inaugural FMA Chairman's lunch. He predicted a modest 1% growth for the UK economy inn 2010, rising to 2% in the following year.

Hosted by FMA chairman, Richard Sykes, the lunch was held at the KPMG building in London's Salisbury Square. The guest speaker, John Cridland, told the audience of over 60 FM "movers and shakers" that the UK economy was "L" shaped. It had now bottomed out but future growth, even in the service support sector, would be modest in the first quarter of 2010. Despite economic and political uncertainty there were however some positive indicators - some real concerns.

A CBI survey conducted among UK Chief Executives showed that their biggest concern right now 
is public sector finances. John Cridland went on to say that re-engineering in the public sector should be the No 1 priority in 2010. 

This was the first ever FMA Chairman's lunch and in his introduction Richard Sykes gave a positive resumee of the FMA's achievements in 2009. The number of member companies had increased
by 25% and a number of strategic alliances had been set with other key organiastions. As the only FM organisation with direct access to the CBI Richard Sykes predicted more growth for the FMA in 2010. 

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