Small Businesses: Interest Rates
(asked on 9th October 2024) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of trends in the level of interest rates on SMEs.
Answered by
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 5th November 2024
For SMEs that pay interest at a variable rate, or those contemplating new borrowing, lower interest rates are clearly beneficial.