There have been some great announcements from the chancellor during the Autumn Statement today. But the biggest, and in my opinion one of the best is the announcement of the £40bn credit easing scheme which will make obtaining bank loans for small businesses easier.
To qualify for the scheme your business must have an annual turnover of less than £50 million, so it is sure to help out a lot of smaller firms. It was suggested that the average interest rates for qualifying firms would be cut by an average of 1%.
More details about the autumn statement can be found on the BBC website http://www.bbc.co.uk...siness-15937366
Autumn Statement: Small firms get £40bn credit help
Started by
Matt Gubba
, Nov 29 2011 03:18 PM
No replies to this topic
#1
Matt Gubba
-
- Administrator
-
- 281 posts
Founder
Posted 29 November 2011 - 03:18 PM
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users
