RBS and NatWest pass base rate cut on to small businesses

Commenting on the Base Rate reduction Peter Ibbetson, Chairman of RBS Small Businesses said: "RBS confirms today that we will pass on, in full, the Bank of England's base rate reduction of 1.00% to our 1.1 million small business customers with variable rate overdrafts and loans. The vast majority of the Bank's small business lending is linked to base rate and therefore our customers can expect to see an immediate benefit."