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Will further interest rate cuts help small business owners? PRimage comment « PRImage

Will further interest rate cuts help small business owners? PRimage comment

As the owner of a PR consultancy company, Judy Viitanen totally supports the call by The Federation of Small Businesses (FSB) for the Bank of England to hold fire on any further interest rate cuts.

PRimage has seen the figures from a recent FSB survey of over 4,000 small businesses – which indicates that the recent rate cuts have failed to provide the much needed boost to the economy that many hoped for. The poll shows that 63% of small businesses want the BoE to keep rates at their current level of 1.5 per cent.

We will be waiting with interest to see the BoE’s Monetary Policy Committee’s decision tomorrow. Watch this space!

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