Higher interest rates are the “last thing the working people need”, TUC warns

Ahead of the Bank of England MPC decision later today (Thursday), TUC General Secretary Paul Nowak said:  

“Higher interest rates are the last thing working people need right now.  

“Coupled with Trumpflation, higher rates would pile the pressure on already stretched families and businesses.  

“The Bank must remain focused on cutting rates as soon as possible. Lowering rates would provide vital support for economic growth, which is an important part of the Bank’s remit too.”