09/04/2020
Interest Rates Reduced
Small businesses that rely on credit, such as bank loans or overdrafts, have been boosted by the Bank of Englandβs decision to reduce interest rates.
In an emergency move to help firms deal with the coronavirus pandemic, rates were cut to 0.1% β the lowest ever in the Bankβs 325-year history.
For further information on reduced interest rates, please contact Michaela Johns on 023 8046 1256.