Date posted: 18th Jun 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.
Tax Partner, Nicola Bellerby discussed the unsteady economic state, with rising wages heavily impacting on SMEs, after already dealing with the impact of recent NIC increases.
Nicola discussed key areas impacting clients, including:
- Lack of skilled workers in senior positions
- Consumer debt causing restrictions on overall spending from the general public
We want to thank, David Coates, Arnab Basu, Donna James, Martyn Tennant, Kevin Brown 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.
