NTIA Reacts to Announcement on Interest Rates from the Bank Of England

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Michael Kill CEO NTIA says:
“Given the inflationary position announced several weeks ago, we are disappointed that the BOE have once again increased interest rates.”

“With interest rates raised for the 14th time in succession to 5.25% up by 0.25% with many predicting further rises in August and early next year.”

“Our industry can play a big part in supporting the Government in bringing down inflation if we are given the platform to trade. The Government needs to tackle some of the short term barriers to investment and growth, getting a handle on energy, food and drink costs, tackling sector workforce shortages and removing limitations to trade through deregulation.”

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