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Interest Rates Remain Unchanged

essex web design news

There is no change in the interest rates that small businesses pay. The Bank of England has once again frozen base rate interest. In the 24th month in succession, the Monetary Policy Committee decided to keep the rate of interest at 0.5%.  Experts warn that the rate of interest is set to rise in the near future. The increase in Consumer Price Inflation by 0.4% to 3.7% is a cause for concern. Economists agree with the government’s decision to keep base rates at 0.5% as it would help in the country’s efforts at economic growth. The Confederation of British Industry (CBI) predicts a modest growth in 2011.

Nick Horrocks
Nick Horrocks
Nick has been involved in website design since the very early days. He has experienced the shift in focus like few others in the industry and is one of the few who been able to move with the times. With a number of very high profile accounts under his belt including early websites for Vogue Magazine, Debenhams, Top Shop and Harrods, Nick quickly learned what worked for large organisations and their customers – a skill which has been the mainstay of his design-led work ever since.

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