The recent Bank of England interest rate cut was hailed a fillip for Britain’s private business.
The Forum of Private Business (FPB), which champions the case for 25,000 small and medium sized firms nationwide, said it was a welcome move during the current economic climate.
FPB chief executive Nick Goulding said: “We are sure our members will welcome this cut in interest rates, as it will boost consumer confidence following a period of uncertainty over rising personal debt.
“Our business members have been reporting falling trade in recent times. In London in particular retail sales have been taking a hit since the bombings and other measures that put people off shopping such as the congestion charge.