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."

---

Press releases, papers and documents published on this page are the intellectual property of an organisation unrelated to ePolitix.com. We promote their parliamentary and political campaigning activities as they are subscribers to the ePolitix.com service.

As such, ePolitix.com does not edit, endorse, or attempt to balance the opinions expressed on this page. The content of press releases and other such types of content are the responsibility of the originating organisation.