Industry Leaders Attack Rise ; Business Editor John Duckers Samples the Reaction of Business and Industry to the Latest Bank of England Rates Rise
Birmingham Post › May 07, 2004
Linked as:
Summary
Business leaders in Birmingham condemned the Bank of England for being prepared to sacrifice the manufacturing sector in the interests of long-term economic policies and house price pressures.
And much of the rest of industry's reaction was equally hostile, though some were resigned to an increase.See the full content of this document
Extract
Industry Leaders Attack Rise ; Business Editor John Duckers Samples the Reaction of Business and Industry to the Latest Bank of England Rates Rise
Birmingham Chamber of Commerce and Industry president David Grove said: 'It does seem rather odd that while the Bank has an inflation target of two per cent it is prepared to raise interest rates even when inflation is only 1.1 per cent.
'While they react to house price pressure they seem to...See the full content of this document
Sponsored links
