Bank of England should cut rates to boost consumer spending, says TUC
The Guardian World
by Heather Stewart Economics editorFebruary 16, 2026
Union analysis finds consumers lag behind international peers as some rate-setters remain anxious about inflation
The Trades Union Congress is urging the Bank of England to cut interest rates and rekindle economic growth, pointing to analysis showing that cash-strapped consumers are lagging their international peers.
The Bank’s monetary policy committee voted 5-4 to leave borrowing costs unchanged this month, after six cuts since mid-2024.
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Originally published on The Guardian World on 2/16/2026