Workers are paying a high price for the Conservatives crashing the economy, says TUC

Commenting on today’s (Thursday) rise in interest rates by the Bank of England to 3 per cent, TUC head of economics Kate Bell said:

“Workers are paying a high price for the Conservatives crashing the economy.

“Today’s interest hike will increase the risk of a bleak recession this winter. And it will hammer businesses and people paying a mortgage.

“We need a new economic plan with growing wages and strong public services at its heart. And we need a general election now, to replace the party that created this crisis.”