BOLTON and Bury Chamber has welcomed the decision of the Bank of England's Monetary Policy Committee to cut interest rates by half a per cent from 6.75pc to 6.25pc.
Chief executive Richard Bindless said: "We have been pressing the Bank of England for a cut in interest rates for some time now, so we are very satisfied that they have responded so positively.
"Not only will the move ease some of the pressure among local manufacturing companies, but retailers will also receive a much-needed boost during the critical Christmas spending period."
Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article