The Government must take decisive action if businesses are to battle their way through the difficult months and years ahead, according to the boss of one of the UK’s biggest industry bodies.
The Bank of England has put interest rates up to 3 per cent from 2.25 per cent with Governor Andrew Bailey warning the country faces the longest recession since reliable records began in the 1920s.
East Midlands Chamber chief executive Scott Knowles said if businesses are to have a chance of getting through the months ahead without cutting investment or jobs, the Government must first get the economic basics right – including providing clarity on tax plans and regulations, and investment in transport links.
