1% interest rate

So, it has just been announced, interest rates are now 1%. Will it make us who are in business spend more or ask for more from the bank? I'm not sure. With uncertainty all around I get the feeling that the smaller business is avoiding risk by holding onto what little cash reserves they have to avoid the vagaries of dealing with banking sector. Everyone in business I talk to has a negative tale about the banks at present. Getting an overdraft is anything but straight forward and the charges and securities involved out of touch with reality. A reduction in bank rate is one thing, a drastic change in the banks operational practices and attutde is another.