Catherine McKinnell MP, Labour’s Shadow Treasury minister, in response to today’s inflation figures, said:
"This small fall in the inflation rate is welcome, but families and pensioners are still facing a big squeeze on their incomes as prices continue to rise faster than wages.
“And far from helping to ease the squeeze, the Government’s unfair policies are making things worse. While millionaires get a tax cut, millions of families and pensioners are being hit hard by things like the VAT rise, deep cuts to tax credits and the granny tax.
"People on low and middle incomes are paying a heavy price for the Government’s failed policies which have pushed us into a double-dip recession and led to borrowing rising by a quarter so far this year. We need a change of course and a plan for jobs and growth now to kick-start the economy, get people back to work and so get the deficit down.”