Deflation threat makes Chancellor’s extreme cuts look like economic suicide, says TUC
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation now at zero per cent, TUC General Secretary Frances O’Grady said:
“Zero inflation is a reminder of how fragile the economy remains. Stagnating prices are not a sound foundation for the strong and sustained pay rises that workers have waited so long for.
“With deflation on the horizon, the Chancellor’s plans for extreme cuts after the election look more and more like a suicide note for the UK economy.”
“Zero inflation is a reminder of how fragile the economy remains. Stagnating prices are not a sound foundation for the strong and sustained pay rises that workers have waited so long for.
“With deflation on the horizon, the Chancellor’s plans for extreme cuts after the election look more and more like a suicide note for the UK economy.”
24 March 2015
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation now at zero per cent, TUC General Secretary Frances O’Grady said:
“Zero inflation is a reminder of how fragile the economy remains. Stagnating prices are not a sound foundation for the strong and sustained pay rises that workers have waited so long for.
“With deflation on the horizon, the Chancellor’s plans for extreme cuts after the election look more and more like a suicide note for the UK economy.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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