Pro-growth policies needed, says chamber
The government must do everything it can to underpin business confidence and "avoid any setbacks" after agreeing to hold interest rates at 0.5 per cent for November.
That's the view of Scott Knowles from the Derbyshire and Nottinghamshire Chamber of Commerce.
Knowles, deputy chief executive of the chamber, said keeping interest rates low was a "key component" of remaining calm under pressure from the Eurozone.
He added: "Low interest rates on their own are not enough. Without effective measures to improve the flow of credit to businesses, firms will still struggle to create jobs, invest and expand.
"The Chancellor must use also his Autumn Spending Statement as a platform to introduce more growth-enhancing policies, along with a comprehensive deregulation plan to free up more businesses from the burdens of unnecessary red tape."
Rates have been held at the record 0.5 per cent low since March 2009.
