Ministers “driving economy into ditch”
Commenting on the decision by the Bank of England today (Thursday) to hold interest rates at 5.25%, TUC General Secretary Paul Nowak said:
“A halt to interest rate increases is long overdue.
“But the Government also needs to act. Instead, the Tories are driving our economy into a ditch.
“We urgently need a credible plan that delivers a strong, thriving economy and decent, well-paid jobs for everyone. The Conservatives – despite being in office for 13 years – have yet to produce one.
“Households and businesses remain under huge pressure in this cost of living crisis, with many thousands of jobs and livelihoods are at risk.”
Editors note
- Bank of England: The full interest rates announcement is available at: https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/september-2023
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