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