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Global SMEs shun international trade to focus on domestic markets
New research suggests that SMEs across the world are shunning international trade to focus on their domestic markets amid global uncertainty. … More
Rising debt levels and the struggle to cover household bills
Rising debts levels and the continued struggle to meet essential household bills are among the key findings from the latest statistical research… More
Andrew Wilson & Co appoints Alex Hill to lead dedicated Property Services Division
Manchester-based High Court Enforcement Office, Andrew Wilson & Co, has recruited Alex Hill to lead the expansion of its existing property client… More
Central banks are trialing blockchain
Central banks are trialing blockchain, with 57% of surveyed central banks experimenting with the Ethereum codebase, finds study at the Cambridge… More

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Global SMEs shun international trade to focus on domestic markets
New research suggests that SMEs across the world are shunning international trade to focus on their domestic markets amid global uncertainty. … More

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Alphera empowers dealers to read customers’ minds
A ground-breaking scheme that rewards dealers for providing exceptional customer service has been launched by award-winning independent financial… More
Conveyancing Association issue response to DCLG leasehold consultation
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (20th September 2017) issued its full response to… More
Scottish small business confidence slides as costs rise - Plummeting optimism seen across UK
Scottish small business confidence fell steeply in the third quarter of 2017, according to a new Federation of Small Businesses’ (FSB) report.… More
Independent Growth Finance engineers growth for Pryme Group with £2.75m funding line
IGF, the leading commercial finance provider for SMEs, has delivered a £2.75m asset based lending facility to Dundee-headquartered engineering… More

FSB reacts to decision on UK interest rates

Friday, 09 October 2015

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

“There has been plenty of speculation in the last few months about the timing of the first interest rate rise in the UK since July 2007. Against a backdrop of recent FSB research shows that business confidence is cooling, we remain of the view rates should not be raised. Small businesses will therefore welcome that the Bank has opted to leave interest rates at the current 0.5%.

“Looking ahead, small firms will be facing an array of changes including pensions auto-enrolment, the National Living Wage and changes to the tax on dividends. In addition, there remains ongoing concerns over global economic stability. Today’s decision will therefore give small businesses some much-needed stability in this constantly shifting landscape.”

(Source - FSB Comment)

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