Manchester’s economy has bright future ahead, says Sir Mervyn King

By Giacomo Gobbin

Sir Mervyn King, the outgoing governor of the Bank of England, has a seriously optimistic perspective for Greater Manchester’s economy in the forthcoming years due to its vibrant creative industries.

The economist visited The Point at Lancashire County Cricket Club this week, and commended the region for consistently adapting to the changes in the business environment, referring in particular, to how the city has taken advantage of the opportunities offered by media and professional industries.

Speaking exclusively to the Manchester Evening News, Sir Mervyn gave special praise to the universities in the North West he described as “outstanding” and crucial for the future of the economy.  The innovation-prone mentality and the excellent facilities were two of the other ingredients he said that made the former Bank of England governor believe in Manchester’s prosperous future.

Sir Mervyn said to the MEN: “My visit to Manchester, with its growing services sector, has provided a striking demonstration of how its economy has adapted and diversified since I first joined the Bank of England over 20 years ago.

“The MediaCityUK campus is just one example of the innovation that can be found in the region.”

At the end of the visit, Sir Mervyn stopped over at one of the poles of innovation in the region, MediaCityUK, where he met with representatives of the University of Salford.

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