Inflation figures comment
NEWS RELEASE: ISSUED ON BEHALF OF MIDDLETON ENTERPRISES
Jeremy Middleton, CEO of Newcastle-based investment firm, Middleton Enterprises, said: “As well as saving Mark Carney from writing a slightly embarrassing letter to the Chancellor, inflation figures staying within one percent of the Bank of England’s two per cent target – and considerably below the four to five percent range experienced in 2011 – is extremely encouraging for business.
“Even more encouraging is that this figure is expected by some economists to represent 2013’s highest point of inflation, which shows that stability is returning to the economy and signs of the recovery are filtering through to the real economy. This is a great time for businesses to invest and ensure that they are in the best shape possible, with capacity to expand, when the economy returns to full health.”