SME Business News

The Bank of England has kept interest rates at their record low level of 0.5% as it continues to inject life into the economy.
The Monetary Policy Committee also opted not to alter the £200bn it has spent so far on quantitative easing (QE) to boost the money supply.
Its decision comes in the wake of recent [...]

[Read more →]

Interest rates are unlikely to go back up until 2011, a leading economist has predicted.
Alan Clarke, UK economist at BNP Paribas, said he believes it will be some time before interest rates increase again because the current economic environment is not conducive to such a move.
He added: “There won’t be any interest rate hikes throughout [...]

[Read more →]

The Bank of England (BoE) announced a further one percent cut in the base interest rate today, the rate now stands at the lowest level since 1951 at 2%. The statement from the BoE appears to leave the door open for further cuts if the financial crisis and recession do not respond to it’s latest [...]

[Read more →]

Gordon Brown has led the cavalry charge to help out Britain’s cash strapped banks, on behalf of the country and the tax payer of course, helping out high street banks Royal Bank Of Scotland, HBOS and LLoyds TSB to ease the financial crisis.
Brown seems to have taken notice of recent polls that showed the nation [...]

[Read more →]

The Federation of Small Businesses (FSB) has sent results to the Bank of England of a snap poll demonstrating the devastating impact of the credit crunch, and is calling on its Monetary Policy Committee to cut interest rates this Thursday.
Figures released today from the FSB poll reveal that a majority of small businesses have seen [...]

[Read more →]