Sackers hosts talks with Bank of England Governor

The Governor of the Bank of England joined the Sackers boardroom for talks about the current economic outlook and how the company is tackling challenging times head-on.

Andrew Bailey, who has been Governor of the Bank of England since 2020, joined Sackers board members for discussions as part of a fact-finding mission to Suffolk, which included visits to Adnams and the Port of Felixstowe.

Chief Financial Officer Nigel Canham represents Sackers as one of the Bank of England’s contact companies in East Anglia.

His relationship with Bank officials helped set up the talks on Tuesday at Sackers’ Great Blakenham facility.

“It was our pleasure to host Andrew Bailey and his team,” Nigel explained. “Our board of directors discussed our recent trading experiences with him and how we view the outlook for trading patterns in the coming 12 months.

“It was a valuable meeting that covered wide-ranging topics such as supply chain challenges, inflation, the impact of the war in Ukraine and recruitment pressures.

“We also took the opportunity to discuss our drive to net zero, the valuable global impact our business has and the benefits of recycling commodities. Our growth and expansion plans and our importance as an exporter of valuable raw materials were also discussed.”

In the talks were Mr Bailey and his team, Phil Eckersley, Lorna Pringle and Nick McLaren, together with the Sackers board – CEO David Dodds, Directors Adrian and Ewan Dodds, Chairman Chris Gray and CFO Nigel Canham.

David Dodds said: “Sackers was honoured that the Bank of England Governor chose to spend time visiting us and learning about our business.

“It’s certainly a testing time for the economy, as this week’s 9% inflation figure confirms. We hope we gave Mr Bailey a useful insight into the challenges we face as a company operating in the UK and internationally.”

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