Call to invest in infrastructure
CHANCELLOR George Osborne should use the Budget to speed up investment in infrastructure, according to the Yorkshire Shadow Monetary Policy Committee.
Members of the committee, a partnership between the Yorkshire Post and law firm Lupton Fawcett Lee & Priestley, expressed doubt that increasing the injection of money into the economy through further quantitative easing would have a significant impact.
They were split on the merits of cutting the Bank of England base rate with three members calling for a reduction to 0.25 per cent against five recommending holding at 0.5 per cent.