Midlands TUC on February interest rates decision

Commenting on the Bank of England’s decision today (Thursday) to cut interest rates to one per cent, Midlands TUC Regional Secretary Roger McKenzie said:

“This was the correct decision and the one the markets expected. The priority now must be to get the high street banks to pass on this cut without delay to businesses and homeowners. Failure to do so will end up prolonging the economic downturn.”