deVere asserts that the Bank's reluctance to push forward with further cuts risks stifling growth and prolonging financial uncertainty for businesses and consumers alike.
This is no time for hesitation. The Bank of England's decision to pause rate cuts is a missed opportunity. We believe they need to adopt an aggressive approach now to further lower borrowing costs, drive growth, and restore confidence in the UK economy.
High borrowing costs continue to burden businesses, particularly in key sectors like manufacturing, retail, and housing, where investment has slowed, and costs remain high.
The risks of delaying further cuts-such as prolonged stagnation and a slow recovery-far outweigh the benefits of a wait-and-see approach.
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