June 2019 Economic Update

FRP Advisory hosted a seminar at the AMEX on Wednesday 5th June, I pulled together a sclient summary which I would like to share with the CMI.

Key Takeaways

-         UK growth has slowed with stable consumer spending and inflation being driven by rising wages

-        40% SMEs still have no cyber security plan

-        Outside London house price growth is stable but transaction times are longer

-        Brexit stockpiling continues following increase in Q1

-       M&A activity growing as owners seek exit before Brexit

-       Wages are rising and with 40 year low unemployment recruiting s increasingly difficult

Summary point: Bank of England are taking the view that to grow sustainably you need to increase productivity

See this link for the full article: https://catandra.co.uk/consultancy/economic-update/

Andy Wheeler