Martin Beck and Richard Holt of Oxford Economics will present their 12-month analysis of the implications of the coronavirus pandemic for the UK economy and the main sectors within it, across the various regions of Britain. Joined by ICAEW’s Iain Wright, Philippa Kelly and Alison Ring they will:• Discuss developments so far in 2020, including the global as well as the UK picture;• Offer thoughts on how quickly the economy will bounce back and also discuss the factors that might delay that recovery, and ultimately what a downside scenario might look like;• Consider the impact of the crisis on government finances and the implications of that;• Provide forecasts for variations in performance across different sectors and regions, and what this may mean for the government’s ambition to ‘level-up’ under-performing regions over the longer term.
Martin Beck is a Lead Economist at Oxford Economics, responsible for forecasting and monitoring the UK economy. Martin spent 11 years as an economist in HM Treasury, where he worked in a variety of macroeconomic, microeconomic and policy roles.
Richard Holt is Head of Global Cities Research at Oxford Economics, with responsibility for forecasting and commenting upon city and regional economies in the UK and internationally. He is an expert on UK regions and is currently leading a research project on the future impact of the pandemic on west London.
Iain Wright BFP FCA is Director for Business and Industrial Strategy at ICAEW. He started his career as a chartered accountant with Deloitte before moving to One North East the regional development agency for the North East of England. In 2004 he became Labour Member of Parliament for Hartlepool, having succeeded Peter Mandelson in a by-election. During his time in Parliament Iain was a Minister in Gordon Brown’s Government, first as Minister for Housing and Planning at the Department for Communities and Local Government between 2007 and 2009 and then as Minister for Schools and Apprenticeships in the Department for Children, Schools and Families from 2009 until 2010. In opposition Iain was Shadow Minister for Industry between 2011 and 2015. Following the General Election of 2015, he was elected by the House of Commons to be Chair of the Business, Energy and Industrial Strategy Select Committee, where he led high profile inquiries into the sale of BHS and working practices at Sports Direct. After deciding to stand down at the 2017 General Election, Iain became Chief Executive of NEPIC, a trade body in chemicals and processing industries in the North East of England. Iain is a Governor of Middlesbrough College and trustee of Kings College London’ Industrial Strategy Advisory Board. He also chairs the policy forum of the Chartered Institute of Personnel and Development.
Philippa Kelly is Director of ICAEW’s Technical Strategy Business Group and Head of Financial Services. She leads ICAEW’s experts in corporate finance, business and management, technology and financial services as well as its technical and policy work related to banking, insurance and investment management. Philippa is a frequent commentator on diversity in financial services and importance of social purpose in the industry. She qualified as a chartered accountant with PwC and gained her LLB from the University of Sussex. https://www.linkedin.com/in/philippa-kelly-3a02a927/
Alison Ring is Director, Public Sector at ICAEW. She is responsible for ICAEW’s public sector strategy including building sound and sustainable public sector finances and promoting transparency and accountability for public money.“I qualified as a chartered accountant in practice a number of years ago and then after some PQE went to work at HMRC as the first compliance accountant. Essentially this meant advising tax colleagues on whether or not accounts submitted to HMRC in support of tax liabilities complied with GAAP.” She became the Commissioners' Advisory Accountant - accountable for the accounting position of HMRC and as Head of Profession responsible for leading the profession of about 140 accountants.
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