Government must not rely on Bank – fiscal action is needed to strengthen economy, says TUC

Commenting on the decision today by the Bank of England Monetary Policy Committee to keep the base rate of interest at 0.75%, TUC Head of Economics Kate Bell said:

“We need a bigger economic debate than just interest rates. Mark Carney is right to say that fiscal policy has an ‘important and powerful role’.

“But instead the Chancellor is planning yet more cuts to departmental spending.

“No more excuses, the government must use the budget to show they are serious about giving communities the public services and investment they need.”