INFLATION: Bank must cut interest rates to put money back into people’s pockets 

Commenting on CPI inflation rising to 3.6 per cent, TUC General Secretary Paul Nowak said:   

“Households are still feeling the pain of higher prices.  

“High rents, energy, petrol and water bills mean many workers are struggling to keep their heads above water.  

“The global uncertainty impacting the economy is showing no signs of settling down. But workers should not be bearing so much of the brunt.  

“It’s time the Bank of England stepped in to deliver a 0.5% cut to interest rates. This will ease pressure on households, put more money into people’s pockets, and help families get back on their feet.”