Rachel Reeves responds to the Bank of England's interest rate decision

Rachel Reeves MP, Shadow Chancellor of the Exchequer, responding to the Bank of England’s interest rate decision, said:

“Britain has been left worse off after thirteen years of economic chaos and instability under the Conservatives.

“Households coming off fixed rate mortgages will be paying an average of £220 more a month and inflation remains high because of the Conservatives’ disastrous mini-budget.

“Labour’s plan for the economy is about returning stability and boosting growth so we can cut household bills, create better paid jobs and make working people in all parts of the country better off.”