Protesters call for Bank of England to rethink interest rate hike
A small group of protesters demonstrate outside the Bank of England ahead of its decision to raise its key interest rate for the 14th time in a row by a quarter-point. Inflation remains stubbornly high in the United Kingdom amid a cost-of-living crisis, a problem protesters believe cannot be solved by raising rates.
Category
🗞
NewsTranscript
00:00 [Street noise]
00:08 Time to tax the banks.
00:10 [Street noise]
00:23 No banks! It's time to tax the banks!
00:27 I think we basically need a rethink of the way we're doing things.
00:33 So it shouldn't be the case that the way we deal with inflation is by imposing huge costs
00:39 on certain parts of society, like those of mortgages or renters,
00:43 and in ways that essentially benefit the banks, who make huge profits.
00:47 There's got to be a better way to do this.
00:49 We need a rethink of how we deal with inflation.
00:51 Interest rate rises aren't working.
00:53 And we need the government to be doing more with taxation.
00:56 Particularly on the banks.
00:59 [Street noise]
01:10 Look down everyone please.
01:12 Back to the banks.
01:14 [Street noise]
01:19 We can't pay tax on our own.
01:21 We can't pay tax on our own.
01:23 We can't pay tax on our own.
01:25 [Street noise]
01:30 [BLANK_AUDIO]