Rachel Reeves – 2021 Comments on Interest Rates Rise

The comments made by Rachel Reeves, the Shadow Chancellor of the Exchequer, on 16 December 2021.

Prices have been soaring and many are feeling the pinch, so families will be concerned about additional pressures on their finances from higher mortgage payments and other debt.

The Chancellor should get on a plane back from California and get to work on a plan for growth, and crucially a plan to tackle the cost of living crisis.

That must start immediately by scrapping VAT on household gas and electricity bills to ease some of the burden this winter.