Responding to the Bank of England’s decision to hold the base rate at 4.25%, Muniya Barua, Deputy Chief Executive at BusinessLDN, said: “Today’s rates hold means no respite for the many firms across London up against ongoing cost pressures coupled with an uncertain trading environment.”
“Against that backdrop, this is the moment for the Government to double down on its growth mission.
“Its upcoming Industrial Strategy should build on the long-term, joined-up vision set out in today’s Infrastructure Strategy, with a focus on bringing the public and private sectors together to deliver results.”