Big Interest Rate cut helps event businesses
Today the Bank of England slashed interest rates to 3% - a massive 1.5% reduction and the biggest since 1955.
The bold move by the Bank of England is bound to get companies talking and able to launch new initiatives and new marketing and financing campaigns. As a result the events, promotions and marketing industries should benefit - and benefit quickly.
The slash in prices will allow companies to invest but also to run promotions. In addition they are goingt o need to talk to their distribution channel, customers and employees. A great chance for event managers and account managers to talk to clients and find out how they can help.
It should also release cash back into businesses which should steady job losses and even encourage new event jobs.