Chamber CEO Comments on Inflation Figures

20 Sep 2023

Published in: Black Country Chamber of Commerce News

---

Chamber CEO Comments on Inflation Figures

---

“A fall in inflation, no matter how small, is naturally always welcome. But make no mistake: inflation remains unmanageable, and Britons’ financial wellbeing is still very much at risk as the cost-of-living crisis rages on.

“Too often, we ignore the very real, very human issue that lies beneath the statistics, and people and businesses are struggling to cope with the never-ending onslaught of economic challenges.

“Black Country business leaders tell us every day that they are struggling, but business investment is fundamental to the economic growth everybody wants. Firms will only be able to invest when the financial burdens, including interest rates, ease.

“We await tomorrow’s Bank of England interest rate announcement, even though it has indicated rates are nearing their peak, businesses need clarity and certainty, that an end to the cost-of-borrowing pressures are really on the horizon rather than simply trying to ride out this economic turbulence.”