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Interest rate stability is welcomed by small firms, says FSB PDF Print E-mail
Thursday, 09 July 2015

Responding to the Bank of England Monetary Policy Committee’s decision to hold interest rates at 0.5%, John Allan, National Chairman, Federation of Small Businesses (FSB), said:

"Small firms are still assessing the impact of yesterday’s budget on their business. At this time and in light of the continued international uncertainties, maintaining interest rates at their current level will be welcomed by businesses. It will help to give them the confidence to invest in their firms, hire new staff and raise wages.

"When the time does come to raise rates, it should be done gradually to allow businesses to absorb costs and plan ahead."

(Source - FSB Comment)  

 

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