Head office | 01772 653 000

Fylde coast office | 01253 347 063

Commenting on the decision by the Bank of England’s Monetary Policy Committee to cut interest rates to 0.1%, Suren Thiru, Head of Economics of the British Chambers of Commerce (BCC), said:

“The decision to cut interest rates to their lowest ever levels and restart quantitative easing reflects an increasingly dire near-term outlook for the UK economy.

“This may give a short-term boost to market confidence, but will have little long-term effect unless it translates to practical support for businesses. It is critical that the Bank of England works with financial institutions to ease cash flow challenges for firms on the ground in this increasingly turbulent period.”

Share Follow NWL Chamber on Facebook Twitter Share Follow NWL Chamber on LinkedIn Back to News channel

Latest Articles

Live Chat

OUR PATRON MEMBERS

Active Lancashire Logo blackpool and the fylde college bhm logo code galaxy fi real estate management fox group james brearley logo merlin ryan logo Sustainable Energy First Logo team leyland logo