Small businesses could be hit by £355m in interest charges if rates increase by a quarter
Small businesses could be stung with £355m of extra interest payments if rates rise by 0.25 per cent, new research has claimed.
The research by debt adviser Hadrian’s Wall Capital shows that small and medium enterprises (SMEs) would be liable for an extra £355m in interest payments in the first year if rates increased by a quarter.
If rates increased by a full percentage point SMEs would see a £1.4bn jump in interest payments in the first year.
Read the full article – http://www.cityam.com/281638/small-businesses-could-hit-gbp355m-interest-charges-if