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This week, the Monetary Policy Committee voted 8-1 to hold interest rates at 0.5%. Following this decision, the Bank of England expects the UK economy to regain stability after the Brexit vote turmoil. However, this does not exclude further economic measures at a later stage. We have produced an economic report including gross domestic product estimates, inflation and employment figures. Please see the news for more details.
As you will be aware, the Right Honourable Theresa May became Prime Minister after David Cameron’s resignation. A completely new cabinet has been unveiled, please see today’s government update to find out who the new ministers are. Over the coming months we will be contacting all relevant ministers to establish a working relationship with the new government. We will outline the role of NFDA and the importance of the UK franchised vehicle dealer sector – number of employees and turnover.
You should by now have received the NFDA Dealer Attitude Survey. We would like thank those who have already completed the questionnaire, it is essential that we receive a response to the survey in order to maintain its credibility as the industry’s leading independent survey.
If you need any clarifications, but also if you have any views on the news or would like anything specific to be included in future issues, please contact the NFDA helpline on 01788 538303.
Sue Robinson, NFDA Director