Today, RSM UK’s International partner Simon Hart and RSM US chief economist Joe Brusuelas will join keynote speaker Elizabeth Truss MP, Secretary of State for International Trade, and a series of heavyweight panel members including US Ambassador Robert Johnson, to present an economic and risk update at the annual Global Trade Conference, hosted by the Greater Birmingham Chambers of Commerce.
The packed schedule, which starts at 1215 and which will focus on Anglo-American business relations, will see the Secretary of State for International Trade start proceedings with a keynote entitled ‘Covid-19 – resuming international trade’. The Right Honourable Elizabeth Truss MP is leading the UK’s ongoing negotiations with the US on a future free trade agreement (FTA) which kicked off in May.
At 1350, Simon Hart and Joe Brusuelas of RSM will present their ‘Global Economic and Risks Update’. With Joe’s take on the outlook of the global, US and pan-European economies, Simon will add his assessment of what businesses should be thinking about to not just survive the economic and geo-political challenges ahead but to reimagine their activities and adapt over the medium to long term.
Simon Hart, International partner for RSM UK said: ‘The BoE maintains that the UK economy is potentially on track for a short V-shaped recession following early signs that spending has jumped by more than expected. Whilst a swift recovery is not beyond the realms of possibility and marks the very best-case scenario, openly presenting such an optimistic position at this still-early juncture in the economic cycle post-Covid-19 could be quite unhelpful to those businesses fighting for their very existence. Our message to middle market businesses, particularly those who can’t afford to let misplaced optimism cloud their judgement on what might happen over the coming months, is to hope for the best but plan for the worst.
'To say we all face some major challenges would be stating the obvious. What is perhaps less obvious, are the opportunities presented by what many term as the special relationship. The US is already the UK's largest trading partner by country, with cross border trade totalling over £190bn. With the prospect of a free trade deal somewhere on the horizon, and with current trading conditions looking to slowly improve as domestic and international lockdowns ease, not to mention the immediacy of the end of the Transition period for the EU-UK negotiations, which don’t make for easy reading at present, now may be the time for UK middle-market businesses to be considering the US market potential.’
RSM is one of four headline sponsors, alongside Birmingham City University, MetCloud and WM International. For further information, or to register your interest, visit the website.