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|FSB in Scotland welcomes rate cut|
|Friday, 05 August 2016|
The FSB has welcomed the Bank of England’s decision to cut interest rates by a quarter percentage point to 0.25%
Andy Willox, the FSB’s Scottish policy convenor, said: “Our figures show that small business confidence is at a four year low. While these welcome moves from the Bank of England might be necessary to boost the economy, they may not be sufficient.
“Official figures show negligible Scottish economic growth at the start of this year while official UK-wide growth forecasts have been revised downwards. Depending on the impact of today’s change, we may need to see additional measures to boost local and national economies from all levels of government.”
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