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28 September 2015

FSB Comment: Interest rate stability is welcomed by small firms, says FSB

FSB Comment

Issue date: Wednesday 09 July 2015
Interest rate stability is welcomed by small firms, says FSB

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, 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."

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