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.”
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