Responding to the Monetary Policy Committee (MPC)’s split decision (6-2) to maintain a 0.25% Bank Rate and its 3% CPI forecast for October, Mike Cherry, National Chairman at the Federation of Small Businesses (FSB), said:

“At a time of unprecedented uncertainty it’s more critical than ever that the MPC approaches interest rate decisions with caution. Against a backdrop of slowing economic growth, increased debt costs would put yet another strain on our embattled small business community.

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