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A short statement from Ian Warwick, Deepbridge, on UK inflation data

Commenting on UK inflation data for September, Ian Warwick, Managing Partner at Deepbridge Capital, commented on UK inflation data this morning, saying:

 

While inflation in the short term appears to have slowed, the year-on-year data shows that the UK CPI has maintained a significant milestone in high inflation and it won’t be long before it rises again.

With rhetoric of potential interest rate hikes also increasing over the last month it raises the question of exactly how long the Bank can hold rates at current levels before it is forced to step in.”

Many early-stage businesses will be thriving in the recently reopened economy, but they will continue to watch interest rates very closely as this will directly impact how much they are able to borrow at a crucial time.”

It remains critically important that scale-up businesses, particularly in high-growth sectors such as digital technologies and life sciences are supported as they will be at the very heart of economic growth as we create an economy fit for the twenty-first century.”

 Government initiatives such as the Enterprise Investment Scheme (EIS) have never been more important for helping entrepreneurs and innovators source the funding they require, whilst also offering private investors with tax incentives to develop UK-supporting private equity portfolios.”

With our EIS funds reaching record levels of funding in 2020/21 it is evident that there is considerable demand from investors and financial advisers alike to invest in early-stage UK companies which we believe will be at the forefront of our economic recovery.”

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