Industry welcomes pre-emptive move on rates

EEF also believes the prospects for further instability in the financial markets will have an increasing impact on business and consumer confidence.

Commenting, Ian Smith, Chief Executive of EEF West Midlands, said:

“Though manufacturing remains in good health, a number of warning lights for the economy are now flashing amber. This is a sensible pre-emptive decision which will reassure business that the Bank is on the case. It will also help to cushion the economy from the worst effects of instability in the financial markets”

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

EEF West Midlands supports and advises on all aspects of HR including employment law and employee relations (ER). The ER team handles hundreds of employment tribunals for members annually. Other areas of support include health, safety and the environment. With its training centres, EEF West Midlands can also help develop the workforce required for businesses to succeed. Regionally and nationally EEF represents the interests of those determining the economic and social conditions in which employers operate.