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TUC - Ministers “driving economy into ditch”

TUC General Secretary Paul Nowak commented on the decision by the Bank of England today (Thursday) to hold interest rates at 5.25% 

“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

Original article link: https://www.tuc.org.uk/news/ministers-driving-economy-ditch

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