Invest in skills and infrastructure to counteract inflation say business leaders
Business leaders in Birmingham have called on the government to take control of the economy by investing in skills and infrastructure, rather than the Bank of England’s “balancing act”.
Greater Birmingham Chambers of Commerce (GBCC) said moving away from a reliance on consumer spending was more likely to create a path to prosperity.
Its call came as UK inflation reached a six-year high at 3.1% in November, outstripping wage growth of 2.2% and further squeezing household incomes.
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