Date posted: 7th May 2025
Experts from different sectors in and around York took part in the Yorkshire Shadow MPC.
The Shadow MPC is a partnership between Clive Owen LLP and The York Press, 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 for a cut in interest rates to try and steady the currently volatile economy. Recent local elections have also created further uncertainty for many towns and cities, which could further impact on overall business success in the short term.
Partner, Jonathan Doyle discussed his decision and key challenges and opportunities that clients are facing, including:
- Businesses are trying to absorb rising costs, however they are coming thick and fast which is proving challenging for SMEs
- The impact of the cost of living crisis is still shaping consumer-habits
- International tariffs are causing widespread uncertainty across the majority of sectors
We would like to thank, Matt Burgess, Steve Lowe, Jordana Renshaw, Richard Peak, Beckie Hart and Dave Broadbent for being part of this conversation and to 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.
