Summary
THE slashing of interest rates to their lowest level since 1951 has been applauded by North East business leaders, but they say the reduction must be passed on to struggling companies and consumers.
The Bank of England's Monetary Policy Committee (MPC) cut the base rate to 2% in an attempt to prevent the UK falling deeper into recession; it follows November's 1.5% cut.See the full content of this document
Extract
Call for Interest Rate Cut to Be Passed On in Full
Lloyds TSB was quick out of the starting blocks, almost immediately saying it would pass on the cut to its North East business customers with variable linked loans and overdrafts.
The third suc...See the full content of this document
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