embargo: For immediate release
TUC press office: 020 7467 1248
Interest rate hike bad for working people, warns TUC
Commenting on today’s (Thursday) decision by the Bank of England to raise interest rates, TUC General Secretary Frances O’Grady said:
“This is the last thing hard-pressed families need. With living standards falling, the economy needs boosting not reining in..
“Today's hike is a hammer blow for those in problem debt, whose repayments will now rise.
“The Bank of England has made the wrong call – but the government must not hide behind it.
“Working people are paying the price for ministers' failure to get wages rising. And for their failure to invest in jobs and services when interest rates were so low.”
ENDS
Notes to editors:
-
Alex Rossiter
arossiter@tuc.org.uk
020 7467 1285
078 8757 2130
Elly Gibson
egibson@tuc.org.uk
020 7467 1337
079 0091 0624
Tim Nichols
tnichols@tuc.org.uk
020 7467 1388
078 0876 1844
Michael Pidgeon
mpidgeon@tuc.org.uk
020 7467 1372
077 1753 1150
TUC press office
media@tuc.org.uk
020 7467 1248
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