Thursday 18 June 2020 / 4:31 PM Anneliese Dodds / Economy

Government needs to step up to the plate and take the fiscal measures required – Anneliese Dodds

Anneliese Dodds MP, Labour’s Shadow Chancellor, commenting on the Bank of England’s announcement to add a further £100bn into the UK economy through quantitative easing, said:

“Clearly this is an unprecedented intervention by the Bank of England. However, the impact of monetary measures are necessarily limited in the current macroeconomic environment.

“We now need the Government to step up to the plate and take the fiscal measures required. This is especially important given that the UK is lagging behind other nations in announcing its stimulus package. We need a Back to Work Budget with just one focus – jobs, jobs, jobs.”