Date posted: 18th Jun 2024
Experts from different sectors in and around the North East took part in the Shadow MPC.
The Shadow MPC is a partnership between Clive Owen LLP and The Northern Echo, which considers the region’s economy and invites business figures to argue their case for a shift, or hold, in the rate.
The members voted as a majority for a hold on interest rates, in order to try and stabilise the economy, before heading into uncertain economic times with the upcoming election.
Partner, Nicola Bellerby discussed her decision and key challenges and opportunities that clients are facing, including:
- Reduced spending on plant and machinery
- Uncertainty around tax rates with the upcoming election
- Clients starting to feel the impact of the Corporation Tax increase which has now been in place for a year
- Softening of wage increases
We want to thank, John Cartwright, Martyn Pullin, Tim Bailey, Donna James, Paul Gibson, David Coates for joining us in this discussion and Recognition PR for facilitating.
You can watch the full discussion below, or if you would like to find out more, speak to a member of our team here.
