Bank of England must cut interest rates to protect families and businesses

“In spite of the anticipated rebound over the past two months, over the last year inflation came back to target faster than expected.  

“But families and businesses remain under pressure from the steep increase in the cost of living. 

“The latest GDP and employment figures show the economy is still fragile and the priority must be turning this around.  

“So, it’s vital the Bank of England keeps moving and makes another interest rate cut tomorrow. 

“The government’s plan to invest in our broken economy is important – but they can’t do it on their own.”