Low inflation means wage growth and stronger demand must be the priority, says TUC

Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics, TUC General Secretary Frances O’Grady said:

“The first signs of progress on real wages have already been stopped in their tracks. Weak demand remains the big problem facing the British economy.

“With inflation predicted to remain low well into next year, any talk of interest rate rises is dangerously out of kilter with today's economic situation. It’s higher wages that are needed to boost living standards and sustain growth, not the threat of higher mortgage payments.”

NOTES TO EDITORS:

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