Home / News / Chamber News / BCC: MPC must concentrate on countering threat...

Grow with opportunity alert
Start business start-up pack
See our new Gallery

BCC: MPC must concentrate on countering threat of double-dip recession

BCC: MPC must concentrate on countering threat of double-dip recession
BCC: MPC must concentrate on countering threat of double-dip recession

04 Feb 2010

Commenting on today’s Monetary Policy Committee decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

With the £200 billion QE programme now complete, there was some speculation that the MPC may reassess their tactics. We support the decision not to make any changes at present.

“Although there is no current need to increase the QE programme, it is very important for the MPC to persevere with expansionary policies. Despite some tentative signs of optimism, the economy remains weak and fragile.

“To sustain confidence, the MPC must make it clear that it does not plan to start reducing the QE stimulus below £200bn, and that it will not contemplate any near-term increases to interest rates. The main priority must be to counter the threat of a double-dip recession.”

LATEST NEWS

LATEST NEWS
It's Official! THCC Offers the Best Customer Service!

02 Sep 2010

Staff at The Hearing Care Centre are today celebrating, after being chosen as the winners for the award for ‘Outstanding Customer Service’, at last night's EADT Anglian Business Awards.

Suffolk unemployed get boost to skills and confidence

01 Sep 2010

A new programme, inspired by the London 2012 Olympic and Paralympic Games, which is dedicated to helping unemployed people move into work, has given opportunities to 110 Suffolk residents in its first year.

Dr Peter Funnell, President of Suffolk Chamber

01 Sep 2010

The business community in Suffolk has welcomed the new government’s initiative to establish Local Enterprise Partnerships (LEPs) to replace Regional Development Agencies.

© Suffolk Chamber of Commerce 1884-2010

Code of Membership  |  Privacy  |  Disclaimer  |  Accessibility statement