When: Thursday, 25 January 2024, 16:00 for 16:15 start

Where: London Chamber of Commerce and Industry (LCCI), 33 Queen Street, London EC4R 1AP

RSVP: Please register here by Tuesday, 23 January 2024 Places are limited (first come, first served)

Dress: Business attire

The UK enters an election year this spring with the economy struggling to grow as households and businesses come under pressure from rising borrowing costs, higher taxes and elevated living expenses. Inflation has fallen from more than 10% in January 2023 to 3.9% in November, driven mainly by cooling energy prices. However, the annual rate has stuck at persistently higher levels than anticipated, as the UK grapples with the highest rate and is set for the weakest growth among G7 in 2024 according to IMF forecasts. While inflation is expected to continue to fall in 2024, the Bank of England is forecasting to remain above its 2% target until the end of 2025, and has warned there is a 50-50 chance of a recession. So, what to expect from the UK Economy in 2024?

 Please join us at a high-level panel discussion chaired by Marcus Rothen, Co-Chair of AERL. This event is kindly hosted by the London Chamber of Commerce and Industry (LCCI). Confirmed speakers include:

– Professor Vicky Pryce is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR) working on UK, global and Eurozone issues. She was previously Senior Managing Director at FTI Consulting, Director General for Economics at the Department for Business, Innovation and Skills (BIS) and Joint Head of the UK Government Economic Service. Before that she was Partner and Chief Economist at the accounting and consulting firm KPMG after senior economic positions in banking and the oil sector. She is Visiting Professor at BCU and King’s College London, on the International Business Departmental Advisory Board for Leeds University Business School, a Fellow and Council member of the UK Academy for Social Sciences, a Fellow of the Society of Professional Economists and a Companion of the British Academy of Management. 

– Subrahmaniam Krishnan-Harihara who heads Greater Manchester Chamber’s Research and Analytics team, and conducts research on economic, international trade and business policy issues to provide relevant and up-to-date insights for business decision making. At the Chamber, Subrahmaniam was involved in developing the highly acclaimed Construction Pipeline Analysis, which heralded a new way of assessing skills requirements in the construction sector. Subrahmaniam administers the Quarterly Economic Survey (QES), which is the UK’s largest private business sentiment survey, for the Greater Manchester region and co-ordinates the QES for all other Chambers of Commerce in the North West. More recently, Subrahmaniam has led the research for the development of the Local Skills Improvement Plan for Greater Manchester. 

– Professor Adrian Pabst is one of two Deputy Directors at NIESR. He read Economics at the University of Cambridge (1995-1998) and then went on to do a Masters at the London School of Economics before returning to Cambridge for his PhD. Adrian’s work on political economy has been published in a variety of economics journals, including International Review of Economics, Constitutional Political Economy, History of Political Economy and The European Journal of the History of Economic Thought. He has also contributed to essay collections on Political Economy and the Eurozone. He is the editor of The Crisis of Global Capitalism (2011) and Blue Labour (2015), and the author of The Politics of Virtue (2016) and The Demons of Liberal Democracy (2019). Currently he is co-writing together with Professor Roberto Scazzieri a monograph entitled The Constitution of Political Economy: Polity, Society and the Commonweal, which will be published by Cambridge University Press.

Programme

16.00  Registration
16.15 Welcome and opening remarks by:
– Karim Fatehi MBE, Interim Chief Executive, LCCI
– Marcus Rothen, Co-Chair AERL
16.20 Panel Discussion on the Economic Outlook: What to expect from the UK Economy in 2024?
17.00Q&A, followed by a Networking Reception
18.00End

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