News

Pressure Grows on Bank For Cut- The Sunday Times Oct 2005

The British Chambers of Commerce (BCC) will this week add to the pressure on the Bank of England to cut interest rates with a downbeat survey of its members.

The BCC's quarterly survey, which is closely watched by the Bank's monetary policy committee and in the City, will say that as well as being hit by weak demand at home, firms are failing to benefit from economic growth elsewhere.