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Rate cut boost for small businesses
Small business leaders welcomed the Bank of England's decision last week to cut interest rates by half a percentage point, taking rates from 5% to 4.5%. The decision was part of a global movement by six central banks to cut rates in an effort to stabilise economies around the globe. A spokesman for the Federation of Small Businesses (FSB) said small firms would benefit "but the welcome cut will only come into play if the banks follow through and reduce their charges to small businesses accordingly". The CBI dddd rate cut "essential". Read more on this story at:
2008-10-14
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