EEF West Midlands support interest rates hold

Release date: 05/06/2008

EEF West Midlands supported today’s decision by the Bank of England to keep interest rates on hold and believes it is right to maintain a cautious approach in balancing a slowing economy and problems in the financial and housing markets, with the mounting inflationary pressures.

Commenting, Peter O’Grady, Head of Representation at EEF West Midlands, said:

“Given the current extent of inflationary pressures, the Bank faces an unenviable dilemma in balancing further signs of weakness with growing concerns over inflation. Unless it becomes clear that the economy is deteriorating sharply, the Bank is right to continue its cautious approach.”

EEF West Midlands is the largest employers’ association in the region , representing primarily engineering, manufacturing and technology-based organisations . Serving its member companies is a team of over 160 staff providing a wide range of experience and expertise.

Their HR and Legal team supports and advises on HR issues including employment law and employee relations and handles hundreds of employment tribunals for their members annually. Safety and Environmental Services, the health and safety division of EEF West Midlands, also provides expert support to its members.

At their Technology Centre in Birmingham and the Conference and Training Centre in Leamington Spa, EEF West Midlands help develop the workforce required for businesses to succeed at all levels. This includes training 80% of all engineering apprentices in the Birmingham and Solihull area through to management development and nationally accredited courses for health, safety and environmental practitioners.

Nationally and across the region, EEF provides a powerful voice for its members

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EEF Limited is the organisation for manufacturing, engineering and technology-based businesses. It is an employers association regulated under Part II of the Trade Union and Labour Relations (Consolidation) Act 1992 and a company limited by guarantee. EEF Limited is registered in England and Wales, registered no 05950172, and its registered office is Broadway House, Tothill Street, London, SW1H 9NQ

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