BCC Press Release: Pressure Of Interest Rates On Business Revealed
BCC, of which Business West are a key player, survey of more than 1,000 UK businesses finds one third (33%) are negatively impacted by the current Bank of England interest rate. Small and mid-sized firms (39%), manufacturers (36%) and business to consumer firms (37%) are more likely to report a negative impact. Just one in 10 firms (9%) say they are positively impacted by the current interest rate – relating to higher earnings on surplus funds.