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Chancellor George Osborne has delivered the first Budget of the Conservative - Liberal Democrat coalition Government.
Small businesses are moving away from using just one bank due to the credit crunch and the difficulties in accessing finance from high street banks.
Chancellor George Osborne has delivered the first Budget of the Conservative - Liberal Democrat coalition Government.
march 2010
For the 12th consecutive months, the Bank of England’s Monetary Policy Committee has kept interest rates at 0.5%.
After revised figures showed growth of 0.3% in the UK’s GDP in the last quarter of 2009, quantitive easing has been halted but interest rates held steady to hold off the possibility of a double-dip recession.
"Despite the upward revision to GDP in the fourth quarter of last year, the economy remains weak and fragile. Businesses are still under serious pressure and there is no room for complacency", stated David Kern, chief economist at the British Chambers of Commerce (BCC).
Latest figures show that inflation has sharply increased from 2.9% in December 2009, to 3.5% for January 2010, but much of this is thought to be as a result of VAT rising back to 17.5%.
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