UK manufacturers fear the impact of even the smallest increase in interest rates, despite base rates staying at their record low of 0.5%.
A survey conducted among nearly 400 businesses last month uncovered what researchers called “apparent hypersensitivity” to a small hike in the current rate. Th research concluded that an increase in interest rates of up to 1.5% would have a “tangible impact” on 44% of businesses polled. Trevor Williams, head of credit and surety Europe at…
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