Chancellor Rachel Reeves keeps blame for high interest rates on Liz Truss despite cut

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'.

#skynews #interestrates #labour

[sb]

Interest rate cut all thanks to efforts of Rishi Sunak & Jeremy hunt

[richardhussey-cqse]

The Bank Of England sets interest rates. Not the Government. It has very little too do with them!

[peterkelly]

why does this woman always tell us she is taking difficult decisions. I’m sure it was quite easy for her to decide to screw the pensioners out of a few hundred quid per year.

[roycampbell]

Interest rates falling have absolutely nothing to do with labour.

[nikc]

Why can no politicians just speak like normal humans. They're like pull string dolls that just spew out the same sound bites regardless of whether they actually fit the question asked.

[cjtannerza]

Looked to me like she was reading off of a screen with prepared answers. Yeah booi England is a free country

[austinofessex]

Can she answer any question without politicising?

[gregjones-xc]

ROBBER REEVES will hammer the motorist and council like wicked ROBBER BROWN.

[bernardwarr]

The Bank of England has acknowledged it was largely there fault, the Crash and higher interest rates

[shazoids]

The economy is fcked, totally and utterly fucked.

[wsTGS]

this whole "the economy is actually doing well" narrative is just so insulting to ordinary people who don't feel the economy going that way at all... like oh we are the stupid ones because we just don't realise that actually the economy is in such good shape... give it a rest

[patosborne]

Remove winter fuel allowance from Pensioners. Efficiency saving?

[NorthernNige]

She still giving Ed Miliband 11Billion to waste on windmills and green energy uk. Total waste.

[francisravenscroft-dwgi]

The Uk base rate is historically at an average rate, the last 12 years have cause massive public and private borrowing- which should have been managed better by a succession of chancellors and the BOE.

[ianmorrison]

Prices in just about every area of the economy have not come down at all.

[markdoherty]

A question.
I understand why interest rates were increased to 'manage' inflation.
However, what has happened to all the additional income the lenders have received over the last few years, is it not subject to a windfall tax?

[poppy-gh]

Wait, see what happens when she hands out all these payrises. Wasn't it 20bn now it's 22bn

[robertbreuilly]

how about taking Ed Milibands 11.6 billion of aid to to other countys and use it to help pensioners what a low life this goverment is

[roypowell]

She can't take credit for the rate cut, but probably will!

[runtothehills]

She has all the charm and elan of a third-rate Deputy Regional Manager for Lidl.