THE Bank of England must “go further and faster” with rate cuts to help boost living standards, unions said today in light of marginal GDP growth.Ministers were also challenged on underinvestment as new official figures showed household incomes still being squeezed by a “relentless cost-of-living crisis.”The Office for National Statistics showed that gross domestic product (GDP) rose by 0.1 per cent in the fourth quarter — the same as in the previous three months.

THE Bank of England must “go further and faster” with rate cuts to help boost living standards, unions said today in light of marginal GDP growth.

Ministers were also challenged on underinvestment as new official figures showed household incomes still being squeezed by a “relentless cost-of-living crisis.”

The Office for National Statistics showed that gross domestic product (GDP) rose by 0.1 per cent in the fourth quarter — the same as in the previous three months.

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