NORTH west business leaders have welcomed the shock 1.5% cut in interest rates, and are calling on the banks to pass them on to struggling firms.Although the drop to 3% has received a hearty welcome, there is concern that it won’t be felt in the real economy.Economists say that if the banks don’t pass on rate cuts and start to lend, further cuts can be expected. Andrew Smith, KPMG's chief economist, said he w......for the full story register now for free or login below...