Cut That Will Still Leave Scars ... ; Don't Be Surprised If the Benefits of November's Whopping Interest Rate Cut Aren't Felt by Business, Says Jez Davison Interview of the Week

Summary

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REMEMBER, remember, the seventh of November? That was the date on which the Bank of England announced a 1.5% interest rate cut designed to put a rocket up a burnt-out economy.

The unexpected move brought the base rate to 3% - the lowest for 50 years - but whether it puts the sparkle back into business depends on banks' willingness to lend more to homeowners and businesses at cheaper rates.

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Cut That Will Still Leave Scars ... ; Don't Be Surprised If the Benefits of November's Whopping Interest Rate Cut Aren't Felt by Business, Says Jez Davison Interview of the Week

This, in theory, should stimulate the economy and help slow the worst decline in ma...

See the full content of this document

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