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Britain ’s manufacturers welcomed the Bank of England’s decision to cut interest rates by a further point today amidst continued deteriorating conditions for the UK economy.
Commenting on the business related measures in today’s Queens Speech, EEF Chief Economist, Steve Radley, said:
The outlook for Britain’s manufacturers has taken a significant turn for the worse and trading conditions in 2009 are set to be some of the toughest for two decades EEF, the manufacturers’ organisation has warned today.