Theresa May in surprise attack on Bank of England's interest rate actions
Theresa May said there had been "bad side effects" from the Bank of England's moves to slash interest rates and shore up the economy since the financial crisis.
In a surprise attack on the Bank's actions, Mrs May said people with assets had "got richer" while those without had suffered and savers had been left "poorer" since interest rates had been cut to historic lows.
The Prime Minister said the time had come for a new approach to support growth.
She said: "While monetary policy - with super-low interest rates and quantitative easing (QE) - provided the... read more
- 09:52 National news headlines for Saturday October 22
- 09:51 Foul-mouthed parent rants at woman after school parking complaint
- 09:51 Kanye West pays tribute to wife Kim Kardashian in emotional...
- 09:51 Australians rally for refugees in stand against far-right sentiment
- 09:50 Cash grant will help Carlisle nursery replace flood damaged equipment
- 09:50 Train derails and overturns in Cameroon killing at least 53 and...
- 09:50 Former X Factor boy band Union J perform at north Cumbrian school's...
- 09:49 Fire crews release casualty trapped in machinery at Dyke
- 09:47 BREAKING: Murder probe as British man found tied to Malaga airport...
- 09:46 Pet shop owner fined over waste disposal shambles
- 09:46 Orionids meteor shower: how to see this weekend’s spectacle
- 09:46 Bus wars: Arriva responds to YourBus competition with refurbished...
- 09:44 Oswestry skatepark death: Rave boss avoids being sent to jail
- 09:44 Shropshire netball official jailed for taking £50,000 of club funds...
- 09:44 Property damaged in chip pan fire
- 09:42 Firebugs cause more damage to playground
- 09:42 Warning after youths seen with fireworks at park
- 09:42 Cash grant will help Carlisle nursery replace flood damaged equipment
- 09:42 Former X Factor boy band Union J perform at Cumbrian school's prize...
- 09:40 Arsenal star Laurent Koscielny: This is how Arsene Wenger proved...
- 09:40 Marcus Rashford: Chelsea are just like Manchester United
- 09:38 Fundraising appeal to save Cantelupe Centre from closure gains...
- 09:38 You can ‘bank’ on volunteers to revamp school play area
- 09:36 Travel review: Hit the north to discover the real Portugal
- 09:36 Cumbria County Council to hike taxes by four per cent every year...
- 09:36 'Furness General Hospital staff made me feel like a criminal' says...
- 09:36 Crackdown on problems at Barrow block of flats revealed
- 09:36 Ben Taylor's videos are a MASTERCLASS in Yorkshire dialect
- 09:35 Prison worker denies collecting inmate's semen in affair allegation
- 09:35 Woman arrested in connection with historical child sex offences bailed