The latest warning on rates from the business sector comes only days after Prime Minister David Cameron highlighted above-target inflation, fuelling fears of an early rise in base rates as the economy braces for swingeing cuts in UK public spending.
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Businesses warn increase in base rate would harm recovery
Business organisations warned yesterday of the dangers of a premature rise in benchmark UK interest rates, after the Bank of England held them at the record low of 0.5% which has prevailed since March 2009.
