As was widely anticipated, the Bank of England has increased interest rates from 0.25% to 0.5% – the first rise in a decade. So what are the impacts for small businesses – and why has this change happened now?

 

The good news is that 0.25% will have very limited effect on most businesses, and this is not expected to be the start of a series of rises. “We don’t expect the next rate rise to come until 2019,” says Christian Jaccarini, economist at the Centre for Economics and Business Research (CEBR).

 

Read the full piece here.