Press Release
FSB reaction to interest rate cut
8 October 2008
The Federation of Small Businesses (FSB) today welcomed the Bank of England’s decision to cut interest rates by half of one per cent from 5 per cent to 4.5 per cent.
Commenting on the surprise move, FSB National Chairman, John Wright, said:
"This should be very helpful to Britain's small businesses but the welcome cut will only come into play if the banks follow through and reduce their charges to small businesses accordingly. We would urge the Government, now that it has a stake in the banks, to ensure all base rate cuts announced by the Bank of England are honoured by the clearers."
Latest Press Releases
- FSB welcomes all party support for small businesses
- FSB welcomes all party support for small businesses
- FSB reaction to interest rate cut
- FSB: Small businesses must be recognised in bank rescue package
- Latest FSB survey results show decrease in trade and increase in costs for small businesses
- Lights go out for energywatch
- Regulation volumes too high, FSB warns
- FSB: Stop driving small businesses out of town centres
- Prime Minister urged to adopt key small business measures
- Spotlight on small business at party conference
Spread your message to an audience that counts, with options available for our website, email bulletins and publications including The House Magazine.
