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LATEST NEWS & EVENTS Interest rates 'must stay where they are'  Home buyers looking for residential property conveyancing advice will no doubt back calls to keep interest rates where they are. Business leaders are calling on the Bank of England's Monetary Policy Committee (MPC) to hold interest rates at their historic low of 0.5 per cent. The Federation of Small Businesses (FSB) said the MPC must "keep its nerve" by maintaining low rates. It warned that a increase in interest rates "will do more harm than good", as the economy is still suffering high unemployment and as the full effects of the VAT and fuel duty hikes are yet to be seen. FSB national chairman John Walker said: "The Bank of England must look to promote growth and leave tackling inflation as a medium-term priority, at least until the impact of the increase in VAT and fuel duty has levelled out." The calls have been echoed by shopkeepers, with the British Retail Consortium (BRC) claiming that a rate rise would damage the recovery while doing little to deal with inflation. BRC director-general Stephen Robertson said increasing rates will "undermine a very uncertain" economic situation, especially give the problems in the housing market. Posted by Gaby Hamerton 
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