Small business insolvency fears follow rates hike

摘要

Insolvency experts fear that last month's quarter-point interest rate rise - the fifth since August 2006 - could lead to a wave of small business collapses. The Bank of England base rate is now at a six-year high of 5.75% and many expect more hikes to come. Carolyn Swain, insolvency partner with law firm Halliwells, said:They're now talking about further rises to 6%.That's when businesses will feel the pinch.'