Unite urges the Bank of England to continue its balancing act
22 March 2011
Len McCluskey Unite general secretary said: "We do not live in
ordinary times, Britain's economy is on a tightrope and the Bank of
England needs to continue its balancing act by leaving interest
rates alone.
"The latest inflation figures show just how tough it is for
working families struggling to afford the most basic necessities,
like food and fuel. A rise in interest rates now would only make
things even worse for homeowners with mortgages, and Britain's
exporters who are crucial for growth given the government's
austerity drive has neutralised domestic demand for goods and
services.
“George Osborne is presiding over high inflation when living
standards are falling, but he cannot squeeze a penny more out of
working people. "
ENDS
Contact: Ciaran Naidoo on 07768 931 315
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