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Interest rate rise would “ruin 80000 businesses”

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According to R3, the Insolvency body. And they are talking about a rise of just 0.25%

Do these people have calculators to hand?

A rise of a quarter % on borrowing of £300k is ….   £750.  Lets say we are dealing with fairly heavy SME borrowings of £2m then we are talking about £5k per annum

Are these amounts really going to tip these businesses over? You decide for yourself but the press should know better than simply parrot alarmist statements from certain professional bodies

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