Frustrated Business Owner Writes to the Bank of England

The transcript discusses a small British business in Worcestershire that sells air compressors. The company has shown strong financial performance, turning over £640,000 last year. The narrative highlights the importance of supporting thriving small enterprises, as emphasized by the Chancellor, who encourages banks to lend to such businesses.

What type of vehicle did the business owner acquire for his company?

• Transit van

• Truck

• Car

• Motorcycle

What product does the company sell?

• Air compressors

• Bicycles

• Furniture

• Electronics

How much revenue did the business generate last year?

• £640,000

• £500,000

• £700,000

• £800,000

What can be inferred about the business's performance over the last two years?

• It has been thriving

• It has been declining

• It has remained the same

• It has been unstable

What has the Chancellor urged the banks to do regarding small businesses?

• Lend more

• Increase interest rates

• Reduce loans

• Close down