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| MPC urged to encourage business lending |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Thursday, 10 November 2011 00:00 |
 Providing better lending conditions for London recruitment agencies should be high on the priority list of the Bank of England at present.That is the opinion of David Kern, chief economist at the British Chambers of Commerce (BCC), who believes this could be an ideal way for the Bank to boost the country's recovery in the wake of the recession. Mr Kern was speaking ahead of today's (November 10th) monthly meeting of the Monetary Policy Committee (MPC), in which it will decide on the direction of interest rates and whether to implement more quantitative easing (QE). Last month, officials opted to boost QE to £275 billion and while Mr Kern does not think that commitment will be repeated this time around, he has urged the MPC to follow up on their "positive step" by improving lending to businesses. Without this, he noted the increase in QE "will not achieve its full potential in supporting growth". By James Strang 
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