Business Leaders Want Rates Freeze

Birmingham PostMay 09, 2005

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Summary


The Bank of England Monetary Policy Committee is being urged to take heed of the Midlands manufacturing crisis and forget any prospect of an interest rate rise.

It meets today in the wake of the collapse of MG Rover and sweeping job cuts at the likes of Marconi, Peugeot and Jaguar.

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Extract


Business Leaders Want Rates Freeze

Birmingham Chamber of Commerce and Industry policy director Jerry Blackett said: 'The MPC must keep interest rates on hold. The economy needs a stimulu...

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