John Maltby, managing director, Lloyds TSB Commercial, says: "As the economic environment continues to challenge small businesses, we're committed to supporting our customers by easing the pressure and providing more certainty on overdrafts and loans.
"We are honouring the pledge made in our small business Charter to pass on, in full, any base rate reductions until the end of 2009, so that businesses that bank with Lloyds TSB have the most competitive rates and best possible ongoing support during these hard times."
This is possibly an easy pleadge to make as most business loans are base rate plus an already agreed figure anyway.
