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Benjamin Franklin said: “Nothing is certain except for death and taxes.” If he were alive today he might consider adding that political and economic uncertainty was also fairly likely too - certainly since the 2008 financial crisis.
By Brent Forbes, partner at Petty Commercial Property.The unclear implications for Brexit, all but guarantee a period of economic uncertainty ahead – how that plays out for business is difficult to predict, never mind Lancashire business and the commercial property market.
Then there is the risk of inflation, driven by rising petrol, energy and food prices. However, there are still some genuine reasons to be cautiously optimistic.
A continued cautious approach has seen a decade of low interest rates so it’s a good climate for business expansion programmes.
Meanwhile consumer spending has held up and businesses continue to hire and invest.
There’s excellent space available and a legacy of manufacturing skills. Whatever lies ahead, I’m sure Lancashire’s resourcefulness, innovation and indomitable spirit will see us overcome the uncertainties!
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