Inflation figures boost hope for business growth

Business leaders in Birmingham and Solihull are urging the Bank of England to continue to create conditions which make a business-led recovery more viable.

Birmingham and Solihull Chamber of Commerce and Industry (BCI) welcomed the announcement by the Office for National Statistics (ONS) that the annual rate of consumer price inflation fell to 3 per cent in February, from 3.5 per cent the previous month.

Will Rogers, policy adviser at BCI said: "In order to sustain recovery, it is vital that the government assists firms to find new export markets and cancel the planned one per cent rise in employer National Insurance contributions, scheduled to take effect in April 2011.

"Today's announcement should not detract from the overall picture which suggests that businesses still face serious issues."

Article published by Midlands Business News on 23 March, 2010

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Articles submitted by Birmingham Chamber of Commerce:

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