"High rates are killing investment and consumer spending,"
"If the Bank doesn't act, growth will flatline and jobs will be at risk."
"Every month we delay is lost opportunity,"
"The Bank has the tools - it's time to use them."
Business bosses urge the Bank of England to cut interest rates immediately to prevent the UK economy stalling. High rates are reducing business investment and consumer spending, causing companies to delay expansion and households to struggle with higher borrowing costs. Economists say a modest rate cut could boost confidence, revive growth and halt stagnation. Recent weak retail sales and slow M&A activity underscore the downside risks. Business leaders argue that prioritising growth alongside inflation-targeting is necessary. Failure to adjust monetary policy risks prolonged low growth, stalled investment and job losses.
Read at London Business News | Londonlovesbusiness.com
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