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Forum of Private Business

FPB Raises Concerns Over The Impact of Today’s Rate Rise on Business

02 November 2017 14:00

FOR IMMEDIATE RELEASE

The Forum of Private Business has raised concerns about the impact on the business community of today’s base rate rise.

Today’s rise represents the first increase since July 2007.

Ian Cass, Chief Executive of the FPB, said: “While the small increase may not impact businesses hugely, it will make them think again about their spending commitments. At a time when the business community is already being cautious, this rise may lead many to hang onto their cash to ease difficult cash flow issues.

“Additionally, late payment issues will have a greater impact than previously and they will think even harder before lending money to invest in growth.”


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Press Contacts

Leanda Hickman

Marketing Manager

Tel: 01565 626023

Email: leanda.hickman@fpb.org


About Forum of Private Business

The #Forum of #Private #Business - providing #protection & #support to SME's businesses. For our #members, not for #profit

www.fpb.org

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