Responding to the Bank of England interest rate hold, Matthew fell, Director of competitiveness at BusinessLDN, said:
“Interest rates appear to have hit cruising altitude in the Bank’s hard-fought battle against inflation, so all eyes will now turn to the Chancellor’s Autumn Statement to help Britain break out of its low-growth trap. Restoring VAT-free shopping for international visitors would be a quick win with rapid payback for the Exchequer. Making childcare more affordable and accessible for families would help more people return to the labour market. And committing long-term capital funding for TfL will keep the Capital moving, enabling it to play its full part in the UK’s economic recovery.”