NEWS RELEASE
6 October 2005 For immediate release
`Interest rate cut cannot be postponed indefinitely' says Scottish TUC
Commenting on the MPC's decision to hold interest rates at 4.5%, Stephen Boyd, STUC Assistant Secretary said:
"The STUC is not surprised by the decision to hold rates at 4.5% but another cut cannot be postponed indefinitely. Growth remains sluggish and Scottish manufacturing industry continues to struggle as demonstrated by yesterday's export figures".
ENDS
For further information contact Stephen Boyd