Rate rise: Govt catastrophically out of touch
8 Aug 2023
EMBARGO: Immediate Release
Responding to the latest Bank of England interest rate rise to 5.25% Liberal Democrat Treasury Spokesperson, Sarah Olney MP, said:
“Homeowners are once again being forced to the brink after a savage rate rise, all because of the government’s chaotic management of the economy.
“As mortgage holders stare down the barrel of hundreds of pounds being added to their monthly bills, the best Ministers can do is to ask people to ‘hold their nerve’.
“Rishi Sunak and his Government are catastrophically out of touch, they must take concrete action now. Anything less would be a complete abdication of responsibility.”
ENDS