BCC and Accredited Chamber mentions in the national media - Lincolnshire Chamber of Commerce and Industry, UK

MEDIA MONITOR: Wednesday 4^th August 2010

Yesterday

BCC’s concerns over the abolition of the Default Retirement Age are mentioned in The Guardian’s ‘Week in Britain’.

Today’s top story:

Lloyds banking group has returned to profit for the first half of the year. Pre-tax profit at the bank, which is 41%-owned by UK taxpayers, came in at £1.6bn, compared with a loss of £4bn in the same period a year earlier. Guardian. BBC News. Tele.

Key articles on the Chamber Network’s policy priorities:

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, experts have warned. Tele, pg B1. Times, pg 29. FT, pg. 3.

BCC view: We believe that raising interest rates too soon would further increase the risks of a double-dip recession. The tough austerity measures announced in the Budget, although necessary, will inevitably increase pressures on businesses and heighten the risk of a setback. With that in mind, avoiding a new recession must remain the key policy priority.

Growth in the construction sector slows in July. Tele, pg B4.

More news...

BP claims it has successfully plugged oil well. Guardian.

Britain’s biggest companies made record contributions to their pension schemes last year to

try and plug gaping holes. Tele, pg B3. BBC News.

The pain of spending cuts will be worth it, says Cameron. Tele, pg 4.

Cuts could break equality laws, May warns Osborne. Guardian, pg 11.

David Cameron says he will force the banks to lend. Mail, pg 1.

Clegg’s role questioned over Sheffield Forgemasters decision. FT, pg. 2.

Advertising spending to be halved by government. FT, pg 4

RBS sells 318 branches to Santander. BBC News.

For more information, please contact the BCC press office on 020 7654 5813/5812.