Date posted: 17th Dec 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 to hold interest rates, in order to try and steady the economy, after a turbulent economic period following the Budget.
Partner, Nicola Bellerby discussed her decision and key challenges and opportunities that clients are facing, including:
- The rate of Business Asset Disposal Relief (BADR) increasing which will impact those looking to sell their business after April 2025.
- Increase in NIC having an impact on businesses of all sizes.
- Increase in minimum wage is still causing ripple effects for employers.
We want to thank, Paul Gibson, David Coates, Kevin Brown, Nick Pope, John Cartwright, Gavin Cordwell – Smith and Heather Heward 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.
