The Independent Garage Association (IGA) acknowledges the Bank of England’s decision to maintain the Bank Rate at 5.25%.

The Independent Garage Association (IGA) acknowledges the Bank of England’s decision to maintain the Bank Rate at 5.25%.

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Stuart James, CEO of the Independent Garage Association (IGA), remarked, “While we respect the Bank’s decision, we encourage them to consider the ramifications for small independent garage businesses. Changes in interest rates directly impact our members’ ability to invest in their businesses, hire staff, and grow their business.”

We urge the Bank to remain vigilant regarding economic conditions and to prioritise support for small businesses in future decisions. The IGA remains committed to fostering the success of independent garages and will continue advocating for policies that bolster our sector.

ENDS 

NOTES TO EDITORS

For media inquiries, please contact:

Stefan Wesley

Communications and Marketing Manager

Independent Garage Association

Phone: 01788 538 359

Email: stefan.wesley@rmif.co.uk