Responding to the Monetary Policy Committee’s vote to keep the base rate at 5.25%, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“The Bank of England’s decision to keep interest rates on hold reiterates the need for the next Government to prioritise investment and growth.
“With the public finances stretched, the Government will need to prioritise measures that will have maximum impact at minimal cost.
“These include unlocking targeted sites for development through a strategic review of the green belt, scrapping the proposed Infrastructure Levy to provide certainty for investors, and reforming the apprenticeship levy to boost take-up.”