Interest rates: growth only way to end mortgage pain but jobs tax makes prospect as real as “Loch Ness monster”

EMBARGO: Immediate Release

Responding to interest rates being held at 4.5% and the Bank of England stating that ‘business survey indicators generally continue to suggest weakness in growth’, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“The prospects for growth under this Labour government have become about as real as the Loch Ness monster.

“Kickstarting growth is the only way to end the mortgage pain families face after years of Conservative chaos. 

“But any embers of recovery are being snuffed out by Rachel Reeves's growth-crushing jobs tax.

“If the Government is serious about boosting growth the Chancellor must reverse her jobs tax at the Spring Statement to support hardworking families and businesses.”

ENDS