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.

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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