Rachel Reeves responds to the rise in interest rates

Rachel Reeves MP, Labour’s Shadow Chancellor, responding to the rise in interest rates, said:

“We are a brilliant country with so much to offer - but families and businesses across Britain will be spending today wracked with anxiety by another interest rate rise. 

“The Prime Minister should take his fingers out of his ears and admit his personal responsibility for a Tory mortgage crisis leaving so many worse off. 

“He trapped our economy in a cycle of low growth and high taxes, while tickling the tummies of unfunded, trickle down tax extremists in his party. Liz Truss simply came and lit the fuse.

“Labour will build a stronger economy and get it growing - and we'd bring in a proper windfall tax on the enormous profits of oil and gas giants now to ease this crisis.”