Interest rate rise is bad decision for working people, says TUC
Commenting on today’s (Thursday) decision by the Bank of England to raise interest rates to 0.75%, TUC General Secretary Frances O’Grady said:
“This is a bad decision for working people. With wage growth slowing down we need action to boost the economy, not rein it in.
“The government must now step up and take more responsibility with a plan designed to boost wages and create better quality jobs. It should include the creation of a National Investment Bank with a remit to target communities where good jobs are harder to find.”
- Congress 2018 will be held in Manchester Central from Sunday 9 September to Wednesday 12 September. Free media passes can be obtained by visiting www.tuc.org.uk/applying-media-or-external-visitor-credentials and completing an online form. Applications must be in by noon on Tuesday 28 August. Any received later than that will be processed in Manchester and will cost £75.
- The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together more than 5.5 million working people who make up our 49 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.
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