Blacks Solicitors LLP

Yesterday we hosted a seminar in Manchester, in collaboration with LHV Bank.

We had the pleasure of hearing from Professor Trevor Williams, as he delved into economic trends and drivers, offering a unique opportunity to gain valuable insights from a seasoned expert.

Some key takeaways were:

⇒The budget statement failed to address any of the UK’s long-term challenges, such as poor productivity, an ageing population and a housing crisis. Reforming planning has been bypassed, as has building more homes.

⇒Cuts in spending and further tax increases await the next government. Lower inflation and lower interest rates help mitigate economic pressures.

⇒Public and private investment spending growth will be weak in the next few years. Public spending is contsrained by high debt , a slow growing economy, and an ageing population. Reform of planning and infrastructure is vital.

⇒Rays of good news are in a still-tight Labour market and low unemployment nexus, as the population ages. Technological change, climate change and an ageing population increase the scope for innovation to meet challenges by boosting productivity and in turn growth.

Thank you to everyone who attended, we hope you enjoyed it as nuch as we did.