EEF welcomes bold action on rates

Release date: 08/10/2008

Responding to today’s decision to cut interest rates by a half point, EEF Chief Economist, Steve Radley, said:

"Manufacturers will welcome this bold and decisive move to arrest the current crisis and collapse in confidence. Coupled with the plan to shore up the financial system today’s co-ordinated moves should help arrest the potential slide into depression.”

Notes for editors

Contact us:

EEF, the manufacturers' organisation - Broadway House - Tothill Street - London SW1H 9NQ
t: 020 7222 7777 f: 020 7222 2782 e: enquiries@eef.org.uk VAT registration number: GB 941 8117 27

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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