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.
I have worked with Byrne Associates for over 10 years. They take a pragmatic approach to what can often be a tricky and sensitive situation in order to obtain the best outcome. I would have no hesitation in recommending their services to othersSian Phillips (Foot Anstey Solicitors )
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