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East of England Essex

Economic Forecasts and Tale of Resilience from Gerald Ratner

08 Jan 2018
IoD East of England

The Essex branch of the Institute of Directors (IoD) hosted an annual Chairman’s Christmas Breakfast at Stock Brook Manor on 15 December kindly sponsored by Wortley Byers LLP.

Guests were provided with expert economic forecasts for 2018 followed by a presentation from Gerald Ratner on his business come back experience.

“The 2017 IOD Christmas breakfast yet again evidenced the best of Essex business and the guests were treated to superb discussion and analysis from leading experts Stephen Herring from the IoD, Phil Eckersley from the Bank of England and Andrew Sentance from PwC. Hearing Gerald Ratner’s roller coaster ride through business over 26 years since his “ Ratnerism” was highly entertaining but also proved that resilience does overcome adversity. All in all a great event to mark the end of 2017 and to help all attending focus on the positives in business in Essex for 2018”, said Jane Winfield, Partner for Wortley Byers LLP.

Dr Andrew Sentance CBE, Senior Economic Adviser from PwC in his outlook for 2018 felt that the UK economy will continue to grow at a slow rate in 2018 and that the squeeze on consumers might ease as inflation drops in the second half of the year. Stephen Herring, Head of Tax for the IoD, predicted that investment decisions will continue to be postponed until there is a more clear understanding of the impacts of Brexit on the business community.

Gerald Ratner provided an entertaining presentation regarding his fight back after unintentionally disparaging his own jewellery companies brands back in 1991. He spoke about losing his position within his own company, his failed attempts to find a job and how he has managed to build another successful jewellery brand. During speaker questions Pam Withrington, Director of Fundraising for Essex and Herts Air Ambulance Trust thanked Gerald Ratner for evidencing true resilience when under pressure.

IoD Essex’ incoming Chairman, Christine Bhatt, Managing Director of Essex data analysis company Systematics, hosted the breakfast which was attended by 125 business leaders and encouraged all in attendance to stay positive into 2018

Over £400 was raised for local charity Brentwood MIND.

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