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Why should the baby-boomers, who benefited most during the boom years when the value of their old family home rose and rose, increase their spending now when their children face such hard times, and when the annuity income many can expect from their pensions has fallen to an all-time low?
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The party also wants to cap energy price rises, increase the minimum wage and ban some zero-hours contracts.
Carney reiterated that when rates do start to rise, increases will be "gradual and limited".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com