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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Q1 Economic update with the Bank of England

Date: 3 March 2022 08:00 - 09:30

Type: ICAEW Governance and Research

Explore the latest ICAEW Business Confidence Monitor findings with our local experts and industry insiders, and get the real insights into the issues surrounding business confidence in your local area.

Event Information

Business confidence – Yvonne Gale, on behalf of ICAEW

The latest findings from the quarterly ICAEW Business Confidence Monitor (BCM) give an indication of the overall direction of the economy, what’s driving change and highlights the key concerns across the Northern, Yorkshire and Humber region as well as the rest of the UK.

UK Economic Outlook – Mauricio Armellini, Bank of England

Mauricio will focus on how the Bank sees the economy in the current climate and members will be asked to give their views on the effect of the current pandemic on their business, or clients’ business conditions.

It’s also an opportunity for the Bank to get some feedback from members on how they are finding things, as well as a broader discussion on challenges and leanings from recent events.

Roundtable discussion led by James Callaghan

As well as an opportunity for peer input, this presents the opportunity to hear the issues specifically relevant to members in Northern, Yorkshire and Humber.

To allow a full and frank discussion, Chatham House Rules will apply at this event.


Please note that the programme is subject to change

Time Session
08:00 Join online, network, bring your coffee
Welcome, introductions, presentations followed by roundtable discussion
09:30 Conclude
Rate Cost
ICAEW Member No Charge
Non-Member No Charge


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Virtual with digital delivery


Tel No: N/A


Yvonne Gale

Organisation: NEL Fund Managers

Position: CEO

Dr Yvonne Gale

Yvonne is Chief Executive of NEL Fund Managers and a Non-Executive Director for Finance & Procurement, Office of the Small Business Commissioner.

She joined NEL Fund Managers in 2002 and is currently responsible for the strategic direction and leadership of all teams within the organisation. Her role also involves sourcing funds for management, fund design, achieving maximised returns and impact for investors, and for investor relations.

Yvonne is a Fellow of ICAEW and an Associate Member of the Institute of Economic Development. She holds a DBA, MBA, IoD Diploma in Company Direction. Dr Gale’s area of research is investment decision making. She is also a member of the Advisory and Decision Committee for the UAE Ministry of Finance-backed, Mohammed bin Rashid AED 2 billion Innovation Fund.

Prior to joining NEL, Yvonne qualified as a Chartered Accountant with a national accountancy firm and has held senior management positions in several high growth businesses. She brings a wealth of experience of investing in high growth businesses.

Mauricio Armellini – Bank of England

Mauricio Armellini – Bank of England

Mauricio Armellini, Agent North East, Bank of England

Mauricio has been a member of the Government Economic Service since 2008, when he joined the Department for Work and Pensions to lead teams of analysts in areas of key Ministerial attention such as skills and pensions. In 2013 he went on secondment to the North East Local Enterprise Partnership, where he worked as Chief Economist until his appointment as Bank of England’s Agent for the North East in September 2014.
Mauricio came to the North East in 2005 to undertake his PhD studies in economics at Durham University, following his MA in Development Economics at Williams College (USA). He also taught economics at undergraduate and postgraduate level at Durham University.
Before leaving his native Uruguay in 2004, he worked as a professional economist in the financial and non-for-profit sectors.

James Callaghan

James Callaghan

James Callaghan, ICAEW Regional Director

James works to raise the profile of ICAEW with members and key external stakeholders and to support members in their careers. He manages and oversees the work of the regional staff ensuring that local members receive professional career support through local District Societies and connected communities.

James has a solid grounding in research and innovation management in the higher education sector backed up by a number of years in industry combining interests in innovation, consultancy and the commercialisation of intellectual property.

He also has significant experience as a non-executive Director in a number of companies in Ireland and the UK and has participated in many negotiations involving spin-out companies and investors.

James holds a PhD in Business and Management from the University of Cambridge. He is also a Chartered Engineer.


How to book

The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.

You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.

Alternatively you can download a booking form or book by email.