In response to the Bank of England’s decision today to reduce interest rates Unite general secretary Sharon Graham said: “Today’s interest rate cut is a small step in the right direction for families struggling with the cost-of-living crisis.

"The Bank of England now needs to undertake a series of rate cuts throughout 2026 while the government finally delivers the investment that our economy so sorely needs.

"This is essential to ensure that workers can make ends meet and the economy can grow.”

ENDS

Notes to editors

For media enquiries ONLY please contact Unite senior communications advisor Barckley Sumner on 07802 329235.

Email: barckley.sumner@unitetheunion.org