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FSB reacts to decision on UK interest rates PDF Print E-mail
Thursday, 10 September 2015

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

“Small businesses will welcome today’s announcement and the continued stability this provides. Many are currently grappling with the effects of pensions auto-enrolment and changes announced in the Summer Budget, namely the dividend tax and the National Living Wage, that have knocked their confidence.

“In late August, the Bank’s Governor Mark Carney indicated that the process of interest rates rises, once they begin, will be limited and gradual. Those sentiments were echoed again today. The FSB believes that approach is the right one and will allow small businesses to absorb costs and plan ahead.”

(Source - FSB Comment)  

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