Union analysis finds consumers lag behind international peers as some rate-setters remain anxious about inflationThe Trades Union Congress is urging the Bank of England to cut interest rates and rekindle economic growth, pointing to analysis showing that cash-strapped consumers are lagging their international peers.The Bank’s monetary policy committee voted 5-4 to leave borrowing costs unchanged this month, after six cuts since mid-2024. Continue reading...
Union analysis finds consumers lag behind international peers as some rate-setters remain anxious about inflation
The Trades Union Congress is urging the Bank of England to cut interest rates and rekindle economic growth, pointing to analysis showing that cash-strapped consumers are lagging their international peers.
The Bank’s monetary policy committee voted 5-4 to leave borrowing costs unchanged this month, after six cuts since mid-2024.
Continue reading...
The uptick helped the economy grow by 0.7% over the three months to August, official figures show.
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