BCC: MPC must maintain expansionary approach given continuing threats to economy
05 Mar 2010
Commenting on yesterday’s Monetary Policy Committee (MPC) decision, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
"We expected no changes to either interest rates or Quantitative Easing this month. With the £200 billion QE programme now complete, we support the MPC’s decision not to make changes at this stage, but it should consider new techniques aimed at improving the effectiveness of the programme.
“Signs of worsening international confidence in the UK are worrying, but it would be wrong to contemplate raising interest rates or scaling back the QE programme at present. Despite the upward revision to GDP in the fourth quarter of last year, the economy remains weak and fragile. Businesses are still under serious pressure and there is no room for complacency.
"Given the dangers still facing the economy, it is important for the MPC to persevere with an expansionary approach. Threats of a double-dip recession are unquestionably more serious in the near future than risks of higher inflation."
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02 Feb 2012
02 Feb 2012
I started my new business, www.crystalcombinations.co.uk , one year ago, designing and handmaking jewellery, and have been delighted with the way the business has been progressing. The Christmas period was a very busy and exciting time for me, and now at the beginning of the year I am looking forward to getting well ahead with preparations for the forthcoming year. I love semi-precious stones and in my designs I mainly combine these with other materials such as Swarovski crystals and Swarovski pearls.