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INTEREST RATES

27th January 2000
Page 20
Page 20, 27th January 2000 — INTEREST RATES
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Which of the following most accurately describes the problem?

So, another interest rate rise. Yet another nail in the coffin of the British transport industry; the Government's favourite whipping boy.

If, as Tony Blair professes, there's no North/South divide, there's certainly one between his Downing Street ivory tower and people like me who are at the sharp end of the transport and distribution business.

We need an interest rate rise like a hole in the head— there are certainly no inflationary pressures in our business. Yet, here we are, suffering the consequences of these measures because of a few SouthEast property "hotspots".

Is there no end to the financial penalties we as an industry face in order to pander to the sensibilities (no nasty lorries to make the place untidy) and sustain the overheated lifestyles of Tony's cronies?

Whether they like it or not, the transport industry is at the heart of this country's economy. We provide an essential service, without which the national economy would founder because, when shops have empty shelves, pubs have no beer and developers have no materials to build their houses with, people will have nothing to spend their money on, so employment would crash and the economy would go through the floor.

Why don't we all write to Tony Blair and tell him just that? Chris Curzon,

European sales and marketing director, Montracon, ' Doncaster, South Yorkshire.

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