The McCannics e-survey, month just ended October 1998

Comments

- on the 8 October 1998 interest rates cut

"It helps in cutting the cost of borrowing which we need to cover our expenses while waiting for our customers to pay. Lower interest payments also decrease the incentive for big companies to delay payments."

"A step in the right direction, to avert recession. Consultancy is a lead indicator of the health of the economy (because suppliers commission consultancy before investing in new products, markets, etc.). In the last two months we have seen a slowing down."

"Interest rate is still too high. Temporarily ceased trading due to lack of contracts."

"The rates are still far too high and there is still no confidence in sterling. We have a very long road ahead."


Note: Some of these comments have been edited.
McCannics
Home Page
e-survey