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| Latest news from Bank of England Business pre Budget 2015 |
Omni Chartered Accountant Director’s Report
After meeting with Glynn Jones, Deputy Agent Bank of England, and a section of business sectors yesterday afternoon we can report the following:- Inflation is expected to remain robust; likely to stray into negative territory
- Labour markets are expected to tighten and as a result stronger wage inflation is expected
- Several areas of skill shortages across different sectors are also expected to fuel the wage inflation
- Sterling is expected to appreciate against the Euro, good news for the holiday season but not for European exporters
- Interest rate rises now likely to be pushed back even further possibly to early 2016
- General positivity around trading and performance expectation for the next 9 months
The attendees did not expect any impact or influence to trade or business performance from the impending election or any subsequent changes as a result thereof.
Latest news from Bank of England Business pre Budget 2015
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