"Need to come down much more, the real interest rate (actual rate – inflation) is far too high compared with competitors in almost all other countries."

"LOWER INTEREST RATE MAY LEAD TO LOWER EXCHANGE RATE AND THAT WOULD HELP WITH FOREIGN TOURIST FOR MY BUSINESS"

"50%-70% of our work is exported and a high exchange rate is very damaging to profits. The bank of England is doing a fine job in targeting low inflation, but it has been set the wrong objective; growth is more important."

"could help manufacturing and provide more jobs"

"As per usual, the high interest rates coupled with the strength of sterling is crippling"

"Because of the specialised nature of our business (European Funding) interest rates have a significant affect. Interest on loans is not an eligible cost for European Funding support and as our clients are always paid in arrears by the funders (sometimes 2 years in arrears) their willingness to apply for funding is significantly affected by high interest rates."

"UNLESS A SIGNIFICANT REDUCTION IS FORTHCOMING A RECESSION WILL HIT US HARD"

"I suspect this is another case of 'too little too late'. It certainly will not stop the recession and I doubt if it will slow it down."

"The cut in interest rates was NOT enough to make any significant difference to our sales, and turnover. In fact I would go so far as to say, that the cut of 0.25% was only given, when they were pressured to do so, and really didn't want to give anything at all"

"The key problem is the continuing overvaluation of sterling that is caused by the high interest rates. Until the Government produces credible income revenue and expenditure budgets with reducing borrowing requirements, interest rates will continue to drive sterling to excessively high exchange rates with consequent problems for exporting companies."

"Interest rate cut too small to make any difference"