15th November 2017

BoE delivers economic forecast to South West businesses

Donna Kehoe, agent for the South West, presented the BoE’s latest forecast for the UK economy – as set out in its latest Inflation Report – to directors and senior managers at some of the region’s leading banks, accountants, business support organisations and commercial property consultancies.

Donna Kehoe, agent for the South West, presented the BoE’s latest forecast for the UK economy – as set out in its latest Inflation Report – to directors and senior managers at some of the region’s leading banks, accountants, business support organisations and commercial property consultancies.

The update from the BoE comes exactly a week after its governor, Mark Carney, revealed that interest rates would increase from 0.25% to 0.5% - the first rise in more than 10 years.

The BoE – nicknamed ‘The Old Lady of Threadneedle Street’ – indicated that any future rises would happen at a slow and gradual pace, with the possibility of a couple more 0.25% rises over the next three years.

At the conclusion of the presentation, guests – which included Thrings partners Mike Tomlin and David Mears, and Lucia Fellino, the firm’s acting finance director - took part in a Q&A session about the current state of the UK economy and networking.

Donna Kehoe said: “It was great to speak to local business people at Thrings today and there were a number of stimulating questions raised afterwards.”

Mike Tomlin added: “Thrings is delighted to have welcomed the Bank of England to the Paragon. We hope that as a result of Donna’s interesting and informative briefing, directors and senior managers from across the South West now have a clearer understanding about the current and longer-term outlook for the regional and national economies.”


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