Responding to today’s (Wednesday) ONS figures showing CPI inflation unchanged at 4% and RPI inflation at 4.9%, TUC General Secretary Paul Nowak said:
“The cost-of-living crisis is still hammering households in every corner of the country.
“Prices are still going up, with inflation at double the Bank of England’s target. And whether it’s covering the weekly shop or paying the bills, working people remain under the cosh.
“After 14 long years of stagnating living standards under the Conservatives, it's little wonder so many are feeling the pinch.
“If real wages had grown at their pre-crisis trend the average worker would be earning around £14,500 a year more.
“And with final cost of living payments set to end by March, ministers must act now to extend the scheme and support struggling households.
“The Conservatives have delivered a decade of dismal economic growth which has hit pay packets and household budgets hard.
“It’s time for a government with a serious long-term plan.”
- About the TUC: The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together the 5.5 million working people who make up our 48 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.
Contacts:
TUC press office
media@tuc.org.uk
020 7467 1248
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