We understand that the MPC must make difficult choices. But there is a clear risk that without corrective action the upward trend in unemployment would accelerate. We continue to believe that a cut in interest rates will be needed in the next few months, and we urge the MPC to consider early action. - Ian McCafferty Quotes
We understand that the MPC must make difficult choices. But there is a clear risk that without corrective action the upward trend in unemployment would accelerate. We continue to believe that a cut in interest rates will be needed in the next few months, and we urge the MPC to consider early action. Ian McCafferty
 Action

More - Ian McCafferty Quotes

Conditions for manufacturers are getting increasingly tough as costs continue their seemingly inexorable rise but weak demand keeps prices down, squeezing already thin profit margins even further. - Ian McCafferty Quotes

Conditions for manufacturers are getting increasingly tough as costs continue their seemingly inexorable rise but weak demand keeps prices down, squeezing already thin profit margins even further.

Ian McCafferty

 
The Bank has chosen to follow a steady course. This is particularly understandable given current mixed economic signals. The slightly less negative recent news from the housing and retail sectors contrasts with increasing pressures on manufacturers from the high cost of fuel and materials. The MPC should stay alert to further weaknesses in the economy and must remain on standby to cut rates over the coming months. - Ian McCafferty Quotes

The Bank has chosen to follow a steady course. This is particularly understandable given current mixed economic signals. The slightly less negative recent news from the housing and retail sectors contrasts with increasing pressures on manufacturers from the high cost of fuel and materials. The MPC should stay alert to further weaknesses in the economy and must remain on standby to cut rates over the coming months.

Ian McCafferty

 
Only two of the 10 industry groups surveyed this month - chemicals and metal products - expect prices to rise in their sector over the coming three months. Cost pressures from high oil and transportation prices will only serve to depress profits further, - Ian McCafferty Quotes

Only two of the 10 industry groups surveyed this month - chemicals and metal products - expect prices to rise in their sector over the coming three months. Cost pressures from high oil and transportation prices will only serve to depress profits further,

Ian McCafferty

 
A combination of weak consumer spending and challenging world markets is weighing on UK manufacturing. - Ian McCafferty Quotes

A combination of weak consumer spending and challenging world markets is weighing on UK manufacturing.

Ian McCafferty

 
We think there's room for a small cut and look to the Bank to do so if there's no sign of a pick-up in momentum in the economy. - Ian McCafferty Quotes

We think there's room for a small cut and look to the Bank to do so if there's no sign of a pick-up in momentum in the economy.

Ian McCafferty

 
With energy costs up sharply in recent months and some disappointing developments in the global economy, there is no doubt UK manufacturers still face a challenging business environment. Nevertheless, this survey provides some encouraging news. - Ian McCafferty Quotes

With energy costs up sharply in recent months and some disappointing developments in the global economy, there is no doubt UK manufacturers still face a challenging business environment. Nevertheless, this survey provides some encouraging news.

Ian McCafferty

 Doubt
Although it is too early to say if this month's decline in export demand is the start of a trend, the fall is a further blow for manufacturers at a difficult time. Firms will be hoping this is not the first sign of slow-down in the global economy in the face of the latest oil price increases. - Ian McCafferty Quotes

Although it is too early to say if this month's decline in export demand is the start of a trend, the fall is a further blow for manufacturers at a difficult time. Firms will be hoping this is not the first sign of slow-down in the global economy in the face of the latest oil price increases.

Ian McCafferty

 
The service sector in recent years has been an important driver of growth, - Ian McCafferty Quotes

The service sector in recent years has been an important driver of growth,

Ian McCafferty

 Growth
With retailing and manufacturing both very weak, the fact that services are slowing is particularly worrying. - Ian McCafferty Quotes

With retailing and manufacturing both very weak, the fact that services are slowing is particularly worrying.

Ian McCafferty

 
Christmas, in retailing terms, is coming later and later each year as consumers play chicken with the high street and delay their spending in the expectation of late price cuts as the big day draws nearer. - Ian McCafferty Quotes

Christmas, in retailing terms, is coming later and later each year as consumers play chicken with the high street and delay their spending in the expectation of late price cuts as the big day draws nearer.

Ian McCafferty

 Christmas
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