Low inflation a sign of fragility of economy, says TUC

7 February 2015

Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation now at 0.3 per cent, TUC General Secretary Frances O’Grady said:

“Low inflation is a sign of fragility in both the UK and global economy. It’s a dangerous time for the Chancellor to be proposing a new round of austerity, which will hold back growth. We need a strong and sustainable wages recovery, built not just on falling inflation, but on higher pay settlements and more decent, full-time jobs.”

NOTES TO EDITORS:

- The TUC is organising Fair Pay Fortnight 2015 between Monday 16 February and Sunday
1 March. The Fortnight is part of the TUC’s Britain Needs a Pay Rise campaign and will feature a series of events across England and Wales to raise awareness about low pay, pay inequality and the need for higher pay settlements in the public and private sector. For more information please visit www.fairpayfortnight.org

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnew