Chancellor's Reaction To MPC Decision

Chancellor of the Exchequer, Rachel Reeves, reacts the MPC's decision on interest rates.  

Chancellor of the Exchequer Rachel Reeves Said:

“This interest rate cut is welcome news, and the fourth since we came into government making it cheaper for businesses to borrow, reducing the cost of a new mortgage, making homeownership more accessible, car finance more affordable and easing the pressure on those paying off personal loans.

“But there is more to do, and I know families are still facing cost of living pressures. In a changing world we're bringing stability to the public finances and going further and faster to grow the economy, putting more money in the pockets of working people through our Plan for Change.”