Issue - meetings
This economic update is based on the latest published views of various national institution following Brexit and the recent US election result and possible economic repercussions.
The Director of Resources delivered a presentation that outlined an economic updated based on the uncertainty following Brexit and the recent US election. The presentation summarised the views from a number of sources including the Bank of England Monetary Policy Committee who had instigated measures known as quantitate easing to support the UK economy.
The impact of any interest rate rise and financial uncertainties surround new responsibilities that are expected to be passed to local authorises as part of retention of NNDR were of key concern.
Recommended to note the proper and realistic assumptions outlined in the presentation.