Inflation: Britain needs a living standards Budget
Commenting on inflation figures showing CPI rising to 3.5 per cent in September, driven by higher fuel and energy costs, TUC General Secretary Paul Nowak said:
"Households have been paying the price for Trump’s illegal war for far too long. And with energy prices set to rise even further, a long and hard winter is looming on the horizon.
"The Prime Minister has rightly offered households some breathing space with measures to tackle the cost of living.
"But we need to go further and faster - the Chancellor must put living standards at the centre of next week's Budget.
“He should start by taxing banks’ mega profits, and use the funds to cut households’ energy bills - it’s plain common sense.”
- RPI inflation in September was 3.9 per cent per cent
TUC calls for social tariff to cut energy bills for two thirds of households as new Price Cap starts https://www.tuc.org.uk/news/tuc-calls-social-tariff-cut-energy-bills-two-thirds-households-new-price-cap-starts
- Big four banks make £29bn in first half of year as TUC calls for increase in tax on bank profits to cut billshttps://www.tuc.org.uk/news/big-four-banks-make-ps29bn-first-half-year-tuc-calls-increase-tax-bank-profits-cut-bills
- About the TUC: The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together the 5.3 million working people who make up our 47 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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