A priority webinar on the economic policy of the new Liz Truss administration and its likely effects on the motor industry is being hosted by the Vehicle Remarketing Association (VRA).

The event will explore reaction to the Chancellor’s debt-cutting plan and official Office for Budgetary Responsibility forecasts

Planned for 10am on Wednesday 2 November, it will include reaction to Chancellor Kwasi Kwarteng’s debt-cutting plan and official Office for Budgetary Responsibility forecasts, both set to be announced at the end of October. It will also examine wider global financial issues and how they will impact on the remarketing sector specifically.

The keynote speaker is Mike Allen, head of research at Zeus Capital, and there will also be a panel of industry experts answering questions from delegates, with names to be announced soon.

Philip Nothard, chair at the VRA, said: “The new Prime Minister has made it clear that her government’s economic policy will be a substantial departure from the thinking that has dominated in the last decade or more. At the same time, it’s becoming clearer that the global economy is probably in more trouble than was previously thought.

“These developments will have very real potential implications for the UK motor industry and the remarketing sector. This new priority webinar is designed to provide our members with a thorough briefing including an explanation of how they could affect their businesses and the markets in which they operate.”

More information about VRA webinars and joining the organisation can be obtained by emailing [email protected].