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Small Businesses: Interest Rates

Asked by Jim ShannonDemocratic Unionist PartyDepartment for Business and TradeTabled Answered 5 November 2024UIN 8139

The question

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

For SMEs that pay interest at a variable rate, or those contemplating new borrowing, lower interest rates are clearly beneficial.

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