The group’s latest report described the Monetary Policy Committee’s quarter-point rise earlier this month – its first in nearly four years – as premature.
Peter Spencer, economic adviser to the ITEM Club, said: ‘The risk is that in tightening the monetary policy screw too early the MPC will choke the life out of the fragile economic recovery.’
The report warned specifically against a further increase in December, when it said consumer confidence was ‘critical’ for the retail and property markets. A rise might prove the trigger to push the consumer into serious retrenchment and the economy back into stagnation, it concluded.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016