Responding to the Bank of England interest rate hold, MUNIYA BARUA, DEPUTY CHIEF EXECUTIVE at 91¶¶Òù, said:
“Interest rates may be at a peak, but productivity and growth are stuck in a trough. London’s businesses have plenty on their Christmas wish list that would make a difference to growth in the New Year. Making childcare more affordable and accessible would help many people return to the labour market. Committing long-term capital funding for Transport for London would help keep the capital moving. And restoring VAT-free shopping for international visitors would provide an immediate boost by encouraging more spending in our shops, pubs, restaurants and hotels beyond the festive period.â€