2017 risks seeing return of the wage squeeze, says TUC

Commenting on the latest inflation figures published by the Office for National Statistics today (Tuesday), which show Consumer Price Index (CPI) inflation at 1% in September, up from 0.6% in August, TUC General Secretary Frances O’Grady said:

“Working people have just endured the longest wage squeeze since Victorian times. But it seems another one is just around the corner.

“With pay growth weakening, rising inflation means living standards are set to fall again.

“The government has a chance in the Autumn Statement to make sure workers don’t pay the price of the vote to leave the EU. Ministers must support the economy and jobs by boosting spending on roads, railways and homes. And make sure that the lowest paid get a pay rise through increasing the national living wage.”