Ministers “driving economy into ditch”

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

“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 at risk.”