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The Guardian - UK
The Guardian - UK
Business
As told to Tom Ambrose

‘We’re just treading water’: UK small business owners on the latest rate rise

Fish Interest Rates Andrew Crook Bank of England
Andrew Crook, owner of Skippers of Euxton in Lancashire and president of the National Federation of Fish Fryers.
Andrew Crook, owner of Skippers of Euxton in Lancashire: ‘Some people who would have bought to two fish and chips are buying one large and sharing it.’ Photograph: Tim Emmerton

With the Bank of England raising interest rates on Thursday to a 15-year high of 5.25% and warning the cost of borrowing will remain high for two years, many small businesses are worried about their futures.

Andrew Crook, the president of the National Federation of Fish Fryers and owner of Skippers of Euxton in Lancashire

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