Stuart Law, Chief Executive of Assetz, comments on the MPC’s interest rate decision due tomorrow:

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1st August 2012

"Confidence and an increase in the flow of money are the two ingredients required to set the economy on the road to long term recovery. A cut in interest rates to 0.25% will serve only to further dent confidence and will do little to improve consumer spending power as worried homeowners pay down debts.

“Instead the focus needs to be on the funding for lending scheme which launches today, alongside alternative lending options such as peer to peer lending, which both have the potential to massively increase credit options for homebuyers and businesses, stimulating economic growth. Channeling money into business sectors that produce a big return – for example construction - and bypassing the banks could create a turning point in the existing economic stalemate and help kick-start economic growth."

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Stuart Law

Stuart Law, CEO of Assetz Plc, is an experienced & active investor in property, whose views are often sought by the media. Stuart Law's Property Investment Blog