THE SECOND most important man in the UK economy will make his debut public speech in Nottingham in August.
Canadian Mark Carney is taking over from Lord Mervyn King, pictured, as the Governor of the Bank of England, which controls how much money there is in the economy and the interest rates people are charged to borrow.
Mr Carney will be in Nottingham on Wednesday August 28, to give a speech at an event that has been organised by the Bank, the Derbyshire & Nottinghamshire Chamber of Commerce, the CBI in the East Midlands and the Institute of Directors.
He will talk to an invited audience of business owners, directors and senior managers from across Nottinghamshire and Derbyshire at the East Midlands Conference Centre, delivering an eagerly awaited assessment of the economy and also taking part in a question-and-answer session.
Since the credit crunch struck, the Bank of England's base rate - which banks and building societies base their interest rates on - has been at an all-time low of 0.5 per cent.
The Bank of England has also tried to stimulate activity by putting hundreds of billions of pounds of new money into the economy through a process known as quantitative easing.
One of the key questions Mr Carney is likely to face when he comes to Nottingham is when he thinks the Bank is likely to move away from these emergency measures.
Lord Mervyn King, current Governor of the Bank of England told MPs yesterday: "Until markets see in place policies to bring about that return to normal economic conditions, there is no prospect for sustainable recovery so it will not be sensible to return interest rates to normal levels."