The Bank of England's Monetary Policy Committee will put a strong economic recovery at risk next year unless it cuts interest rates by 0.5 percent tomorrow (Thursday 6 May) says the TUC in a new report out today.
TUC General Secretary John Monks and the TUC's economics team including Chief Economist Bill Callaghan will be available for interview all day on Tuesday. For Budget predictions and post-Budget comment call Liz in the press office.
Given the Chancellor's forecast of rising Government surpluses the case for an early and large cut in interest rates is now overwhelming. I am now looking to the Bank of England to play their part in ensuring a soft landing for the economy at their next meeting.