Tory leadership LIVE: Truss vindicated as BoE announce major interest hike

The Bank of England hiking interest rates today confirms a Conservative recession, according to the Liberal Democrats.

Responding to the Bank of England predicting a recession in today’s economic update, Liberal Democrat Treasury spokesperson Sarah Olney MP said: “The Conservatives’ recession is on the horizon and millions of people will suffer as a result.

“The British public will never forgive the Conservative party for their disastrous economic policies and tax hikes.

“They have put party over country time and time again, and sadly it is families and pensioners who are paying the price.

“Neither Rishi Sunak or Liz Truss have a credible plan to get us out of the mess they’ve created.

“We must have a general election as soon as the Conservative party contest is over to offer the country the real change it needs.”

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