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TUC Calls for Rate Cuts Amid Stagnant Economy

2/16/2026

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Story summary
  • The Trades Union Congress (TUC) urged the Bank of England to implement aggressive rate cuts to stimulate growth.
  • GDP growth was 0.1% in the fourth quarter of 2025, underscoring weak expansion.
  • TUC general secretary Paul Nowak said financial strain among families hampers economic activity.
  • Chancellor of the Exchequer Rachel Reeves said more action is needed to improve living standards and will address economic forecasts in March.