Business Leaders Favour Cut

Summary


A COMMITTEE of leading North-East business figures has called on the Bank of England to help give industry confidence in the economy by making a one per cent cut in interest rates tomorrow.

The second meeting of the region's Shadow Monetary Policy Committee, yesterday chaired by Andrew Sugden, a director with the North-East Chamber of Commerce (NECC), saw a majority vote in favour of cutting rates to 3.5 per cent.

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Business Leaders Favour Cut

The committee has been put together by the NECC, The North...

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