Interest rates held-UNISON reaction

Commenting on interest rates being held at 0.5%, Dave Prentis, General Secretary of UNISON, said:“The Bank of England has made the right decision by keeping interest rates low but inflation is hitting people hard. “The vast majority of UNISON members have not had a pay rise for two years and rising inflation is what is hitting families hard. The price of everyday goods such as food and fuel are going up and just making ends meet is a real struggle.“However, interest rates aside, the Government must re-think its damaging cuts strategy and concentrate on stimulating growth to preserve and create much needed jobs.”