New governor of Bank of England to reveal five year plan
The new governor of the Bank of England is to reveal his plans for the next five years today.
Mark Carney is expected to bring in an era of "forward guidance", a tool he used while in charge of Canada's central bank.
It means interest rates would be kept low at 0.5% until the economy is robust again.
David Ironside owns a building company based in Berkshire and said long term stability is important.
"Currently our clients are generally concerned as to when interest rates will, or if they will rise," he said.
"So forward guidance over a longer period of time will at least allow them to plan their finances and to invest in their properties."
