Paul Butterworth, CEO at Chambers Wales South East, South West and Mid, said:
“As expected, interest rates have been held once again at 5.25%, despite inflation meeting the Bank of England’s target of 2% for the first time in three years.
“Businesses in Wales will be hoping that yesterday’s positive inflation news provides additional weight for an interest rate cut in the coming months, as prolonged high interest rates can feed into a low-to-no growth economic cycle.
“To boost investment and unlock long-term growth, the incoming government should prioritise measures which support business success and put these into action.”
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