Bank 'Must Cut Rates Now'

Summary


There is now an overwhelming case for a cut in interest rates tomorrow, business leaders in Birmingham said yesterday.

All sections of the UK economy were feeling the pinch and the Bank of England's Monetary Policy Committee should act now rather than delay until next month, claimed Charlotte Ritchie, policy executive at Birmingham Chamber of Commerce and Industry.

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Extract


Bank 'Must Cut Rates Now'

Most pundits expect rates will be left unchanged at 4.75 per cent.

But Ms Ritchie said: 'All the indicators point to the need for an immediate rate cut. Manufacturing and export figures h...

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