Cathy Jamieson MP, Labour’s Shadow Treasury Minister, in response to today’s inflation figures, said:
“This fall in the inflation rate is welcome, but families and pensioners will face a real squeeze from big hikes in energy and food prices in the coming months.
“Instead of easing the squeeze, the Government is making things even harder for families on low and middle incomes. Millions of families and pensioners will be worse off because of the 3p rise in fuel duty and cuts to child benefit in January, and the granny tax which comes in on the same day that millionaires get a tax cut in April.
“Labour would act now to kick-start the economy and ease the squeeze. Our jobs plan includes a temporary VAT cut and we would act on soaring energy bills by introducing a tough new energy regulator with the power to force energy companies to pass on savings to consumers, automatically put over-75s on the cheapest deal and simplify their tariffs.”