Date posted: 18th Mar 2025
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.
Joint Managing Partner, Simon Hook discussed the seemingly stale economy, with businesses remaining cautious with investments and overall spending, due to the current uncertainty surrounding the Spring Statement.
Simon discussed key areas impacting clients, including:
- Increased demand for Corporate Finance services, with lots of businesses looking to sell due to tax restrictions
- Lingering impact of increases to the minimum wage, particularly for SMEs
- Holding off on spending in general
We want to thank, Paul Gibson, David Coates, Nick Pope, Donna James, Gavin Cordwell – Smith, John Heward, Tim Bailey, Catriona Lingwood, Martyn Pullin and Martyn Tennant 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.
