On the recordAugust 7, 2025
The central bank’s fifth interest rate cut since the last general election in July 2024 was welcome news, helping bring down the cost of mortgages and loans for families and businesses.
Said by
Rachel Reeves
Labour Party
The central bank’s fifth interest rate cut since the last general election in July 2024 was welcome news, helping bring down the cost of mortgages and loans for families and businesses.
Commenting on the impact of the interest rate cut on families and businesses.
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I think that we need to be much bolder and go much further moving towards a trusted economic and security partnership, where the default is the UK is included not excluded.
But look at the big picture, look at the plan, look at the strategy that I have been pursuing, and that strategy was to return stability to the economy, to enable interest rates to come down.
And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams.