Interest warning
Falls in interest rates would be delayed six months unless the Government announced early decisions on spending cuts or tax increases, the economic consulting group, Infometrics, said last evening. A spokesman, Mr Philip Wrigley, challenged the Minister of Finance, Mr Caygill, to back his claim of financial deficit at 1 per cent of gross domestic product next year with decisions. ’ “A statement of intent is not enough,” he said.
“Early action on the Budget is the Government’s best opportunity to show the policy paralysis of 1988 is over,” said Mr Wrigley.
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Press, 19 January 1989, Page 1
Word Count
93Interest warning Press, 19 January 1989, Page 1
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