Responding to the Bank of England holding interest rates at 3.75%: Matthew Jaffa, FBUK Policy Director, said:
“FBUK welcomes the Bank of England’s decision to hold the base rate at 3.75%. Family businesses are eager to invest, grow and create jobs, but rising cost pressures and ongoing geopolitical uncertainty have slowed the pace of expansion more than many would like.
“A sustained period of controlled inflation and lower interest rates is vital for family firms, whose long-term outlook and investment decisions are central to their success and contribution to the wider economy.”