6 September 2017
The East Herts Business Breakfast Club (EHBBC), hosted by Wilkins Kennedy and NatWest Bank on 6 September 2017, was pleased to welcome Senior Economist Neil Parker, who reported the UK economy was “on trend” and stabilising – despite Brexit fears.
EHBBC continued its 14-year success by welcoming more than 78 guests to the Halsey Centre in Cheshunt. Neil Parker addressed the audience with an overview of the UK and European economy and a few predictions for 2018 and beyond. This was a return visit for Neil, who had previously spoken at an EHBBC event in 2015.
Trends in the economy revealed a drop in disposable household income as inflation and RPI increases take hold. It was one of the reasons why the first half of 2017 saw such a sharp fall in Retail Sales – the first one since 2010.
However, according to Mr Parker, the future of the UK economy could be set to stabilise, stating that 2016 was much more volatile for our currency, but we know it can only take one event to upset the balance. Uncertainty around Brexit is unlikely to affect short and medium term plans, but longer term plans, such as premises moves or expansion, could impact businesses as they delay decisions until after negotiations have taken place.
Tim Croft, Managing Partner at Wilkins Kennedy’s Hertford office and event host, said: “EHBBC is one of the most successful networking events in Hertfordshire and we were pleased to welcome the Senior Economist from NatWest Bank. Neil spoke diligently on the topic of the UK and European economy and it was clear from the questions at the end of the presentation that there will be plenty of businesses in Hertfordshire that will feel the impact of any changes in the UK currency and the Eurozone. Neil was very well received and the guests complimented us on our choice of speaker.”
(L-R) Wilkins Kennedy's Tim Croft stands next to Neil Parker, Mark Coppen and Tony Clowes from NatWest Bank