Speeches sourced from the Labour party’s online archive More…

Catherine McKinnell MP, Labour's Shadow Treasury Minister, responding to today's inflation figures, said:

"The cost of living crisis is deepening with prices now rising much faster than wages. While the Tories say the economy is healing, for ordinary people life is getting harder under David Cameron's government. 

"Wages after inflation are now an average of £1,300 a year lower than when this Government came to power. And while millionaires have got an average tax cut of £100,000, millions on middle and low incomes are worse off under the Tories.  

"We need urgent action to help people struggling with the rising cost of living and to kickstart our economy. Labour would act now to tackle soaring energy prices, introduce a lower 10p starting rate of tax and bring forward infrastructure investment including building more affordable homes.

"This Government needs to realise that a strong and sustained recovery can only be made by the many, not just a few at the top."

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