Interest rates: Trump tariffs, spiralling bills and jobs tax still 'hammering' millions of households

EMBARGO: Immediate Release

Responding to the Bank of England cutting interest rates to 4.25%, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“Today’s rate cut is of course welcome news, but it cannot distract from the fact that millions of households are still being hammered by Trump’s tariffs, spiralling bills and a growth-crushing jobs tax that is already eating into pay packets.

“To break the cycle of stagnation left by the Conservatives, the government must scrap its jobs tax, fix the broken business rates system and stand up to Trump’s tariffs.

“We urge the government to build an economic coalition of the willing with European and Commonwealth allies and set its sights higher by pursuing a bespoke UK-EU customs union. This is the way to reboot our economy, rebuild public services and protect family finances.”

ENDS