This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.

BDO response to interest rates being held: A boost to economic growth is needed

30 January 2020

"Despite a post-election increase in confidence (the so-called ‘Boris Bounce’) the end of 2019 saw a decline in services and production."

Peter Hemington, BDO Partner and National Head of M&A said of the announcement:

“The MPC’s decision to hold the already low rate does not come as a huge surprise, but a boost to economic growth is definitely needed. Despite a post-election increase in confidence (the so-called ‘Boris Bounce’) the end of 2019 saw a decline in services and production.

“All eyes will now be on the Chancellor who should deliver a Spring Budget that utilises smart fiscal policy to stimulate growth, increase productivity and create an economy more balanced by region and sector.”

Note to editors

Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world. 

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.  

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.  

BDO LLP

BDO LLP operates in 17 locations across the UK, employing nearly 5,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.

BDO’s global network
The BDO global network provides business advisory services in 167 countries, with 88,000 people working out of 1,800 offices worldwide. It has revenues of $9.6bn.  

Contacts

BDO press office:
020 7893 3000
[email protected]