Chancellor's Response to the Bank of England's August MPC decision

Chancellor of the Exchequer, Rachel Reeves, responds to the Monetary Policy Committee's Interest Rate decision and the MPR. 

Chancellor of the Exchequer, Rachel Reeves said: 

“This fifth interest rate cut since the election is welcome news, helping bring down the cost of mortgages and loans for families and businesses.  

“The stability we have brought to the public finances through our Plan for Change has helped make this possible and helped us become the fastest growing economy in the G7 in the first quarter of this year. We're locking in this growth in the long run by investing over £113 billion in infrastructure, securing three major trade deals and embracing the technologies of the future – to drive up wages and improve living standards across the UK."