Interest Rates Rise On The Horizon
Posted on 19 May 2015
UK Interest rates have been held at 0.5% for another month by the Bank of England. However, interest rates may be on course to rise in the second quarter of next year as growth slows and wages show only moderate increases.
According to an article in the Telegraph, the Bank of England has revised its growth forecast to 2.5pc for the year and 2.6pc for 2016 with growth in the first 3 months of the year being just half the expected rate, with Mark Carney warning that an interest rate rise may come sooner than previously expected.
If your business is experiencing cash flow difficulties now despite the low interest rates, then it is certainly worth speaking now with our Business Recovery experts to prepare your business for potentially more difficult times ahead.
"having gone through this process, I wish I had known earlier how important it is to make sure you speak to the right people with insolvency qualifications. Thank you for your help"Director (Joinery Firm )
Subscribe via RSS
25 April 2016
22 March 2016
20 January 2016
- Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
- Tel: 01275 464 038
Fax: 01275 462 937