Interest rate rise

Published:  11 May, 2007

/>Sue Robinson’s statement comes after yesterday’s announcement that interest rates will rise by 0.25% to 5.5%. The rise is the second since Janu

/>“Interest rates have been put up four times since August 2006,” said Sue. “And we have yet to see the result of these increases on the econ

/>“Consumers face rising household costs following previous interest rate rises, above-inflation rises in household costs, including council tax bills, as well as the need to pay off d

/>“All of these costs are impacting on consumer spending, which has a knock-on effect on business,” she contin

/>Sue called on the Bank of England to allow a period of reflection, to measure the impact of the interest rises on the economy and the motor indus

Related Articles

  • Diesel kit 

    LSUK customers are set to benefit after motor factor and technical specialist invested £70,000 in diesel repair facilities.

  • Repair twist 

    A BOSS at mail order company Car Parts Direct has become embroiled in a row with a Mercedes-Benz dealership after staff told him it would cost £4,376 to repair his car.

  • Garage plan 

    ACDelco will unveil a network of branded garage service centres during 2008.

  • Mobile future 

    AN ACCIDENT management company says mobile repairs are the future of the industry.

  • MOT warning 

    VOSA is drawing up a 'black-list' of MOT testing stations that need extra inspections and assessments to bring them up to standard, the RMIF is warning.

Most read content


Sign Up

For the latest news and updates from Aftermarket Magazine.


Where should the next Automechanika show be held?


©DFA Media 1999-2018