TUC reaction to Mark Carney’s speech

Commenting on the Governor of the Bank of England’s speech to the 2014 TUC Congress, TUC General Secretary Frances O’Grady said:

“Mark Carney recognised the pain felt by British workers from pay cuts deeper than any since the 1920s, and he was clear that Britain deserves a pay rise.

“His strong support for the living wage, not least by making the Bank of England an accredited living wage employer, should be heard across government and the public sector.

“And his caution on interest rates may have been carefully phrased, but showed he understood the worries of households hit by the living standards squeeze.”

NOTES TO EDITORS:
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