The Bank of England's decision to cut interest rates has been welcomed by Bradford Chamber of Commerce & Industry.

The Chamber said it hoped the anticipated quarter point cut, from 5.75 to 5.5 per cent, would help the UK economy escape the same kind of slowdown suffered in the US.

Policy Executive Mike Cart-wright said: "Businesses need respite in the face of the foot and mouth outbreak, as well as assurances over the changing global conditions.

"The neutral Budget last month had paved the way for the re-duction but this shouldn't mean an end to falling rates.

"Exporters and manufacturers are still struggling nationally and confidence is suffering locally too."