Tight control on costs boosts Brewin profits

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The economic backdrop in the UK, eurozone and the US is continuing to improve, according to David Nicol, the chief executive of Brewin Dolphin.

Mr Nicol said supportive economic policies and continuing low interest rates are providing a favourable backdrop to economic growth.

He added: “Key growth and employment indicators appear positive for the medium term.

“Whilst it is too early to assess the impact of the recent UK general election result on the performance of the economy, it is expected that the outcome will provide a favourable environment for the wealth management industry as a whole.”