Bank of England seeks local views in Newport on cost of living pressures
Bank of England seeks local views in Newport on cost of living pressures
The Bank of England is inviting residents of Newport to share their personal experiences of the rising cost of living, as part of its ongoing Citizens’ Forum initiative. The event, scheduled for Monday, 14 July, aims to gather community insights that will complement economic data and help shape future monetary policy decisions.
Launched in 2018, the Citizens’ Forum programme travels across the UK to hear directly from people about how the economy is affecting their daily lives. The Newport session will take place from 5.30pm to 8.00pm, with participation open to anyone over the age of 18 who registers by Tuesday, 1 July.
The discussion comes at a pivotal time for the UK economy. Inflation has eased from recent highs and now sits at 2.6% as of March 2025. In response, the Bank’s Monetary Policy Committee (MPC) cut the Bank Rate to 4.25% in its May meeting. However, the economic aftershocks of recent inflationary pressures continue to be felt across the country—especially among the most financially vulnerable.
The Newport event will feature Catherine L Mann, an External Member of the MPC, who will listen to feedback and explain how local experiences feed into national decision-making. She will be joined by representatives from the Bank’s Agency for Wales, and the session will be chaired by Lindsay Cordery-Bruce, CEO of Wales Council for Voluntary Action.
“High inflation affects everyone, but it hits hardest those who can least afford it,” the Bank noted. “Hearing from real people helps ensure our policies reflect the lived experience behind the numbers.”
While the session is only open to registered members of the Bank’s Citizens’ Forum, joining the forum is free and open to anyone aged 18 or over. Attendees will receive £25 to cover expenses, and refreshments will be provided.
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