Responding to the Bank of England’s decision to keep interest rates at 5.25%, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

This is cold comfort for millions of homeowners who still face massive hikes in their mortgage bills after Liz Truss crashed the economy. Many families still face a mortgage cliff edge despite this news.

Liz Truss’s disastrous mini-budget and the Conservative party’s economic vandalism has put intolerable pressure on people’s finances.

This Conservative government has no good story to tell on the economy.

The only way to break this cycle of stagnation and financial hardship is to kick this out of touch government out of office. Rishi Sunak needs to stop his desperate attempt to cling on to power and call an election.