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Seemingly endlesstide ofbadnews.

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| July 09, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Western Daily Press)

The region's leading business experts and entrepreneurs have called on the Bank of England MPC to leave interest rates as they are when it meets this week.

With fears the economy is heading for recession and continuing concerns over the property market the spotlight is bound to fall on the MPC.

And pressure is growing on both the Bank and the Government to take action to steady the ship following a seemingly endless tide of bad news.

Mark Wyn, the managing director of telecommunications company Avonline said: We continue to see volatility in a number of key areas of the economy, which are influencing inflation and the public's perception of whether we are entering a recession.

"Energy, fuel and food prices are rising quickly while house prices continue to fall sharply and new mortgage approvals have declined rapidly. However there are also signs that wage inflation is starting to decrease and the business community is taking the necessary steps to adapt to the changing economy."

He added: The economic indicators are giving a sufficiently consistent view of the economy to warrant a ...

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