JournoLink uses cookies JournoLink requires cookies to function. You can read more in our Privacy Policy

Federation of Small Businesses

FSB reacts to Consumer Price Index

14 July 2015 12:15

UNDER EMBARGO UNTIL 14 July 2015 12:15

FSB reacts to Consumer Price Index

Commenting on today’s fall in the Consumer Price Index (CPI) for the year to June, now at 0.0%, John Allan, National Chairman of the Federation of Small Businesses, said:

“Today’s small drop in inflation, along with the recent decision to keep interest rates on hold, will help to maintain business confidence. Our research shows that small firms are currently in a robust mood. Businesses are benefiting from both lower costs and increased consumer spending as lower food prices and rising real wages boost households’ disposable income.

“The current economic landscape puts businesses in a good position to invest in machinery, IT and staff training – all vital elements to address the UK’s productivity gap. To maintain these buoyant levels of confidence, the Bank of England needs to remain vigilant to ensure that the UK does not slip into a prolonged period of deflation.”

Media Contact:
Emma Smailes
Emma.Smailes@fsb.org.uk
07917 628918

Download as PDF | Report this press release


Press Contacts

Chantelle Eckersall

Area Administrator - North & Midlands

Email: Chantelle.Eckersall@fsb.org.uk


About Federation of Small Businesses

The Federation of Small Businesses is the UK's largest campaigning pressure group promoting and protecting the interests of the self-employed and owners of small firms. Formed in 1974, it now has around 200,000 members across 33 regions and 188 branches.

http://www.fsb.org.uk/

View JournoLink Profile

Share

Share to Facebook Share to Twitter Share to LinkedIn

Journalists...

For more information on JournoLink and how to receive more content like this, please visit https://journolink.com/journalists.