Date posted: 16th Sep 2025
A group of leading Yorkshire-based businesspeople have called on the Bank of England to hold interest rates at their current level, with ‘uncertainty’ and ‘inflation’ being the buzz words.
The Yorkshire Shadow MPC voted unanimously to hold the base rate of interest, which currently sits at 4%.
The Shadow MPC is a partnership between The York Press, Clive Owen LLP and Recognition PR, which considers the state of the region’s economy and gives experts from a variety of sectors the opportunity to argue their case for a shift, or hold, in the interest rate.
Speaking as part of the panel, Carl Wright, Grants Partner at Clive Owen LLP, commented:
“I think we’ve got to get inflation under control and with some potential inflationary measures coming out in the Budget we need the Chancellor to show her cards before the Committee makes a decision to cut.”
Many thanks to Beckie Hart, Gary Smith, Richard Peak, Beth Rowley and Dave Broadbent for joining us in this discussion as well as Graham Robb and Recognition PR for facilitating.
You can watch the full discussion via the link below (including Carl’s segment from 3:40), and if you would like to find out more, speak to a member of our team here.
