TUC – Interest rate cut gives relief to families paying the price for Conservative failures

Commenting on today’s (Thursday) decision by the Bank of England’s Monetary Policy Committee to cut the base rate of interest, TUC General Secretary Paul Nowak said:

“This rate cut will give relief to millions of families and businesses – and needs to be the first of many.

“Working people didn’t cause the huge spike in inflation. But they have paid the price for the Conservatives’ economic failures with sky-high bills and mortgage payments.

“Labour’s plans to invest in industry and deliver a new deal for workers can help create a new period of economic stability, with prices kept under control and living standards recovering.”