Chancellor Rachel Reeves reacts to the Bank of England cutting the interest rate to 5%.
Ms Reeves says ‘While today’s cut in interest rates will be welcome news, millions of families are still facing higher mortgage rates after the mini-budget’
She added ‘That is why this government is taking the difficult decisions now to fix the foundations of our economy after years of low growth, so we can rebuild Britain and make every part of our country better off’.
Read more: https://news.sky.com/story/keir-starmer-pmqs-conservative-leadership-contest-latest-live-12593360
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