In an effort to calm markets, the bank of England have reduced interest rates further from the decrease to 0.25% recently announced. This seems to have had the desired effect and FTSE 100 has rallied and closed 1.4% higher, but what does it mean for your businesses?
If you have finance held on a variable rate you should see a decrease in your future payments.
For anyone looking at borrowing from banks and other institutions to see you through the coming months, then this should offer a more attractive rate of interest across the products available to you, which in turn will aid with cash flow.
