FOR IMMEDIATE RELEASE
Interest rates decision provides some stability
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 firms are currently facing a great deal of global economic uncertainty and market volatility. This can be challenging to navigate as they look to plan for the future and invest in their businesses.
“Our own research shows that small business confidence is at its lowest level since 2013. Alongside a sustained period of low inflation, today’s decision from the Bank of England will provide some much-needed stability for our members and all businesses.”
Notes to Editors
1. FSB Voice of Small Business Index, Quarter 1 2016. 18 March 2016
As experts in business, FSB offers members a wide range of vital business services, including advice, financial expertise, support and a powerful voice in Government. Its aim is to help smaller businesses achieve their ambitions. More information is available at www.fsb.org.uk. You can follow us on twitter @fsb_policy.
The Federation of Small Businesses is the UK's largest campaigning pressure group promoting and protecting the interests of the self-employed and owners of small firms. Formed in 1974, it now has around 200,000 members across 33 regions and 188 branches.
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