Responding to today’s (Thursday 3 August) latest increase in interest rates Unite general secretary Sharon Graham said:

“Once more, the Bank of England has made the wrong choice. Inflation remains high, not because of pay increases but as a result of ‘rampant profiteering’ and ‘greedflation’, with the UK's top 350 companies rubbing their hands while raking in an average increase in profit margins of 89 per cent."

"There is no doubt – workers and their families are continuing to pay the price in this cost-of-living crisis. The economy is not working for everyday people and we need to make different choices. Until profiteering is tackled there can be no respite from continuing inflation.”


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.