Interest rate rise spells misery for millions warns Unite
- Thursday 4 August 2022
Reacting to the announcement today (Thursday 4 August) that interest rates will rise by 0.5 per cent, Unite general secretary Sharon Graham said:
“This interest rate rise spells more misery for millions. Yet again ordinary families are being forced to pay more and more for a crisis not of their making. It’s crystal clear that it isn’t wage increases which are causing the inflation crisis but unfettered profiteering. So when is something going to be done about that?”
“Wages now not only have to keep pace with inflation but also with interest rates hikes. I make no apology for demanding that the companies that can clearly afford to pay decent wages should do just that.”
Notes to editors
For media enquiries ONLY please contact Unite senior communications officer Barckley Sumner on 07802 329235 or 0203 371 2067.
Email: [email protected]
Unite is the UK and Ireland’s leading union fighting to protect and advance jobs, pay and conditions for members working across all sectors of the economy. The general secretary is Sharon Graham.