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Leading economist shares UK financial outlook with Hampshire businesses

Markets
By Sydney Barrett
Leading economist shares UK financial outlook with Hampshire businesses

Janet Mui, Head of Market Analysis at RBC Brewin Dolphin with Michaela Johns, Director of event host HWB Chartered Accountants. <i>(Image: Included)</i>” bad-src=”https://s.yimg.com/ny/api/res/1.2/GgBhznKMhMeKXECFS2dsTQ–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA–/https://media.zenfs.com/en/daily_echo_904/b2883cd5ea61623474f5 33 58f9e9365e” data-src=“https://s.yimg.com/ny/api/res/1.2/GgBhznKMhMeKXECFS2dsTQ–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA–/https://media.zenfs.com/en/daily_echo_904/b2883cd5ea61623474f53358 f9e 9365e”/></p> <p>Janet Mui, Head of Market Analysis at RBC Brewin Dolphin, with Michaela Johns, Head of event organizer HWB Chartered Accountants. (Image: Included)</p> <p>Over 40 Hampshire business representatives were given an insight into the UK's economic prospects in a seminar led by renowned economist Janet Mui.</p> <p>The event was hosted by local firm HWB Chartered Accountants and took place at the University of Southampton Science Park.</p> <p>Attendees included representatives from construction, staffing, real estate planning and several other industries.</p> <p>Mui, who heads the market analysis department at asset manager RBC Brewin Dolphin, shared her expert opinion on the financial landscape locally and globally.</p> <p>Using an interactive survey platform, participants shared their views on perceived factors that could potentially pose a threat to the UK economy.</p> <p>Findings included concerns about skills gaps, high debt, low productivity, labor market pressures and the knock-on effects of major global events.</p> <p>Outlining her message to businesses, she told attendees: “What I see in the financial markets gives cause for optimism. The fact that inflation appears to have peaked removes much uncertainty. There were simultaneous declines in the US, UK and Eurozone.</p> <p>“The question is whether this will be a sustainable trend in Britain, which has the highest inflation rate of any developed Western country. Inflation is the main problem slowing growth.</p> <p>“It is now expected to move towards the Bank of England’s two per cent target, although the journey could be bumpy.</p> <p>“In return, financial markets are expecting two or three interest rate cuts in the UK in the second half of this year.</p> <p>“Taking all factors into account, I strongly advise anyone in a business to keep a close eye on inflation and interest rate trends and seek advice before making any investment decisions.”</p> <p>Michaela Johns, HWB director, said: “Janet has given us some fascinating insights into the key macroeconomic trends and outlook we can expect for the rest of 2024 and how this could impact the activities of businesses across the country , including the companies in our customer base.” Base.</p> <p>“It will be crucial months as people try to understand the latest inflation trends and interest rate movements and how they impact consumer spending, wage growth, home prices, mortgage rates and approvals, productivity and investment.”</p> <div class=

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