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14 April 2016

FSB reacts to interest rates decision

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

“Small businesses will appreciate the stability this decision brings at a time when they are dealing with a raft of challenges. For example, many of our members are still grappling with the effects of the National Living Wage and changes to dividend taxation, both of which came into force earlier this month.

“Given the recent rise in inflation and weak international growth, small firms need as much certainty as possible so they can plan for the future, invest in their businesses and create employment.”