Liz Truss must reverse her budget to stabilise the economy – TUC

“We need a new budget focused on stabilising the economy and getting wages rising. Not one that puts the UK at risk for the sake of tax cuts for the rich.”

By the Trades Union Congress Press Team

Commenting on the Bank of England’s emergency intervention to protect credit flow in the aftermath of the mini-budget, TUC head of economics Kate Bell said:

“The Bank’s intervention should tell the government that this budget must be reversed to protect Britain’s families and businesses.

“We need a new budget focused on stabilising the economy and getting wages rising. Not one that puts the UK at risk for the sake of tax cuts for the rich.”

NEW 🚨 | The Bank of England has made an emergency intervention to protect credit flow, in the aftermath of the mini-budget.

We now need a new budget.

Not one that puts the UK at risk just to cut tax for the rich – but one that stabilises the economy and gets wages rising.

— Trades Union Congress (@The_TUC) September 28, 2022

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• This article was originally published by the TUC on the 28th September, 2022.