A third change to interest rates in three months can be both good and bad. Here's how it could affect small business owners

1. Interest
rates.
What
does it
mean?

2. The Bank of
England
increased it from
0.1% to 0.25%
in December
2021.
And today, it's
gone up to 0.5%

3. G O O D N E W S F O R . . .
Savers
(Hopefully this will be passed on to
consumer savers...)

4. N O T S O G R E A T N E W S F O R . . .
Anyone with a
mortgage (that's not
fixed rate)

5. But what
does it all
mean for
you
business
owners?

6. YOUR
CASH
YOU MAY FIND YOURSELF JUGGLING YOUR CASHFLOW TO PAY BACK BUSINESS LOANS,
WHICH COULD THEN LEAD TO DIFFICULTIES PAYING SUPPLIERS OR CONTRACTORS…

7. YOUR
BUSINESS
PLAN
THE INCREASE COULD AFFECT YOU GETTING A SHORT-TERM LOAN, FOR EXAMPLE,
HAMPERING YOUR PLANS FOR GROWTH...

8. YOUR
CUSTOMER
BASE
SHORT TERM? YOUR CUSTOMER BASE SPENDS LESS = LESS SALES + SMALLER PROFITS
LONG TERM? RISING INTEREST RATES = STRONGER ECONOMY.
MEANING MORE CUSTOMERS...EVENTUALLY!

9. Thoughts?
Comments?
Let us know...