FSB reaction to increase in QE

Commenting on the Bank of England’s decision to pump a further £75 billion into the economy John Walker, National Chairman, Federation of Small Businesses said:

“With growth revised downwards yesterday, pumping more money into the economy through quantitative easing is welcomed. However, it is important that in an attempt to boost short-term demand that small businesses can directly benefit from this cash injection and that the banks use it to decrease the cost of credit and to increase the availability of lending.

While the introduction of credit easing aims to give small businesses access to credit, we also need to see a commitment to keep interest rates low until the economy has seen a prolonged period of growth.”

Sara Lee
Press Officer
Federation of Small Businesses
Tel: 020 7592 8113
Mobile: 07595 067068