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Rates vote from North East Shadow Monetary Policy Committee

Rates vote from North East Shadow Monetary Policy Committee
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We need stability, Shadow MPC business leaders tell Government

Inflation, skills shortage and the uncertainty caused by the Conservative leadership battle were concerns for the North East Shadow MPC members this…

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We need stability, Shadow MPC business leaders tell Government | Darlington and Stockton Times

Inflation, skills shortage and the uncertainty caused by the Conservative leadership battle were concerns for the North East Shadow MPC members this…

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People in the North-East are stereotypically entrepreneurial - and that s no different for 2021

MEMBERS of the North East Shadow MPC were surprisingly buoyant, many reporting business as good as, if not better than, last year despite the tumultuous events of the year. Optimism was slightly tempered for 2021 with Brexit and the consequences of the economic measures taken to mitigate the pandemic. Members unanimously voted to hold interest rates at the current level, although a couple of members mooted a reduction in the New Year and spoke about the possible impact of negative rates. The MPC is a partnership between The Northern Echo and Darlington Building Society, which considers the state of the region’s economy and gives experts from a variety of sectors the opportunity to argue their case for a shift, or hold, in the rate.

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