A MEETING of economic minds in the Wycombe area last night suggested that the financial outlook for 2008 might not be quite as gloomy as many feared.

The event, called "The Chancellor's Dilemma?" was held at Adams Park, in Hillbottom Road, High Wycombe.

It saw representatives of around 200 businesses gather, to listen to speakers, ask questions, and network.

Tony Copsey, CEO of London Wasps, spoke about the financial and sporting evolution of the rugby club, before handing over to Stephen Boyle, a senior economist at the Royal Bank of Scotland.

Mr Boyle said he thought Britain was likely to weather the economic storm of the coming year, even as the US slipped further toward recession.

He said: "There has been a lot of doom and gloom, and 2008 will certainly be a more challenging year than 2006 or 2007.

"But we think the UK can sustain growth this year and not slip into recession. We did have a very strong performance at the end of 2007."

He added that although economic growth would slow, he expected it to continue. He was also impressed by the strong turnout of local firms.

Mr Boyle said: "This is fantastic - the biggest crowd we have had for these events for some time. It's a real testament to the organisers."

The invitation-only event was organised and supported by RBS, London Wasps, Natwest, Kidd Rapinet Solicitors and Seymour Taylor Chartered Accountants.