The committee’s decision to leave interest rates unchanged at 4% came despite the US Federal Reserve’s decision to cut its rate by a half percentage point.
The Forum of Private Business said it was ‘slightly’ disappointed at the decision.
‘We are slightly disappointed at this decision as a small cut would have been welcomed by our members,’ said Nick Goulding, FPB chief executive.
‘However, the unchanged rate does help to maintain a stable economy which is the key to the national and regional pursuit of economic competitiveness which will ensure British small businesses continue to be “world class” enterprises.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements