Interest Rates: Light at the end of the tunnel but for millions damage already done
1 Aug 2024
EMBARGO: Immediate Release
Responding to the Bank of England’s decision to cut interest rates to 5%, Liberal Democrat Treasury spokesperson, Sarah Olney MP said:
“There is finally light at the end of the tunnel for homeowners but sadly for millions the damage has already been done. Families across the country are already paying off sky high mortgage bills. The country is still reeling from Liz Truss' disastrous mini-budget and years of economic failure under the Conservatives.
"Today must serve as a reminder that governments should never treat Budgets as an economic experiment for wild policies. We need a return to sound economics and stability after years of Conservative chaos and mismanagement.”
ENDS