Business bosses are warning the Bank of England: cut interest rates — now — or risk the UK economy stalling completely.
“High rates are killing investment and consumer spending,” said one industry insider. “If the Bank doesn’t act, growth will flatline and jobs will be at risk.”
Retail sales are sluggish. Companies are holding back expansion. Households are struggling under soaring borrowing costs.
Economists argue a modest rate cut could inject life into the economy, boost confidence, and stop stagnation in its tracks.
“Every month we delay is lost opportunity,” said another source. “The Bank has the tools — it’s time to use them.”
UK business leaders say inflation-targeting alone isn’t enough. Growth must be a priority.
“Cutting rates would inject much-needed momentum into the economy,” said a senior business lobbyist. “Growth should come first, not just controlling inflation at any cost.”
Recent data showing weak retail sales and slow M&A activity underline the urgent need for action. Analysts warn that failure to adjust policy risks prolonged low growth and stalled investment.
The debate highlights growing tension between the Bank’s inflation mandate and the wider need to support economic activity. Businesses are urging decisive action — or the UK could pay the price with stagnation.
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