Catherine McKinnell MP, Labour’s Shadow Treasury minister, in response to today’s inflation figures, said:
“The fall in the rate of inflation is welcome as last year’s VAT rise continues to drop out of the figures. But families and pensioners are facing a harsh squeeze on their incomes from the Government’s policies.
“The independent Institute for Fiscal Studies says a family with children will lose an average of £511 from changes coming into force this year. And while millions are paying more, the Government is giving a £3 billion tax cut to millionaires.
“With the economy pushed into recession by this Government’s economic mistakes those on low and middle incomes are paying a heavy price from this out of touch Government’s unfair choices.”