Household expenditure in the US is significant, and is considered to be one of the largest in the world. That makes the strength of the US economy a key issue for global as well as domestic businesses. Given that, what does a Biden presidency mean for the consumer, leisure and retail industry – especially at a time when many businesses are still reeling from the impact of COVID-19?
It’s a question that we tackled at our most recent ‘In conversation’ event. I co-hosted the session alongside Nick Wansbury, who shared his views as Partner in Consumer & Retail Deal Advisory in the UK. We were also joined by colleagues from the US – Matt Kramer, Partner, National Sector Leader for Consumer & Retail and John Gimigliano, Principal-in-charge, Federal Tax Legislative and Regulatory Services – who provided their insights on what we can expect.
Here’s my quick summary of what we discussed.