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Commenting on today’s (Thursday) decision by the Bank of England to raise interest rates to 0.75%, the TUC’s Head of Economics Kate Bell said:   

“In the midst of a cost-of-living crisis, this is the last thing hard-pressed families need. Real wages are falling at the steepest rate in eight years. Working people don’t need to be told to hold back their pay.    

“The Bank of England has made the wrong call – but the government must not hide behind it.  

“The chancellor needs to set out a plan to get wages rising in the spring statement – and to help families with soaring energy bills.” 

Editors note

- The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together the 5.5 million working people who make up our 48 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living. 


TUC press office   
020 7467 1248  

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