Burnbrae’s Jim Mellon Sees a Bright Future for Britain | In The City
April 6, 2023
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25:33Now PlayingBurnbrae’s Jim Mellon Sees a Bright Future for Britain | In The City
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as posted by the channelThe outlook for the UK has improved in recent months, with a technical recession now looking like it will be avoided, according to Bloomberg Economics. In fact, the team sees GDP growth in 2023 of 0.1%, up from -0.4%.
Jim Mellon, chairman of Burnbrae, is predicting an even brighter picture. In this week’s In the City, he tells hosts David Merritt and Francine Lacqua to look out for 1 to 2% growth this year, thanks to a more stable government, an influx of migrants and gas prices falling sharply.
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Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.
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