FSB responds to interest rate cut

Responding to the Bank of England’s cut in interest rates of one per cent, Federation of Small Businesses National Chairman John Wright said:

“This historic rate cut sends out the right message to the banks to lend fairly to small businesses. One in three of our members are still reporting trouble accessing finance so this move is very welcome. The burden is now on the banks to pass this cut on to their customers. This cut will provide a welcome piece of mistletoe to give a kiss of life to the economy when it needs it most.”

Ends

Notes to Editors

1. The FSB is Britain’s leading business organisation with over 215,000 members. It exists to protect and promote the interests of the self-employed, and all those who run their own business. More information is available at http://www.fsb.org.uk

Contacts:

Stephen Alambritis: 020 7592 8112 / 07788 422155
Sophie Kummer: 020 7592 8128 / 07917628998
Prue Watson: 020 7592 8121 / 07825 125695
Marc Shoffman: 020 7592 8113 / 07595 067068

For regional FSB contacts please go to www.fsb.org.uk/regions.