Yorkshire Shadow MPC – December 2022

Date posted: 13th Dec 2022

Experts from different sectors in and around York  voted as a majority for a rise in interest rates.

The MPC is a partnership between Clive Owen LLP and The Press, which considers the region’s economy and invites business figures to argue their case for a shift, or hold, in the rate.

The majority of members backed the move by voting to increase rates this month, although some preferred to keep rates as they are for a little longer amid concern about the effects a rise would have.

With higher than anticipated GDP figures and an unsettled economy, there was plenty to discuss.

Partner Phillipa Symington discussed the current employment issues saying, “Heading into a recession we have seen lots of businesses recruit from overseas and also temporary staff in order to fill roles”

We would like to thank, Gary Smith, Richard Peak, Dave Broadbent for being part of this conversation and to Recognition PR for facilitating.

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