Have your say direct to the Bank of England

As you may or may not know, one of the partners at Omni Chartered Accountants sits on the Bank of England review panel.

Topics that are of specific interest to the monetary policy committee at present and that are for inclusion in the next meeting are:

Key issues for next Bank of England meeting:

1. International issues

Have there been any effects from the increase in sterling since May on export prospects?

Has there been any noticeable change in impact as a result of the appreciation against the euro since May?

More generally, is there any sign of fallout from uncertainty about Grexit, directly or indirectly, relevant to financial stability or to the central macroeconomic outlook?

What impact is the rise in sterling having on the price of imports?

Are there different stories for different types of imports? And what is the speed of pass through to consumer price inflation?

2. Activity

What are the prospects for the housing market and housebuilding, given the recent pickup in new buyer enquiries and mortgage approvals?

What explains the recent pickup in housing market activity?

What are the implications for house prices?

How is buy-to-let activity evolving?

3. Employment and wage inflation

Are there any signs of changes (or expectations of changes) in trends in the composition of employment that might affect growth in average weekly earnings (or total paybill per head)?

4. Demand for credit

How are the proceeds from corporate borrowing currently being used?

Are firms refinancing existing debt whilst rates are low, building cash reserves for future acquisitions or borrowing to invest in capital?

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