Pat McFadden responds to inflation rising to 5.4%

Pat McFadden MP, Shadow Chief Secretary to the Treasury, responding to ONS figures released today showing that CPI inflation rose to 5.4%, said:

“These figures show that the cost of living crisis is only going to get worse in the coming months. 

“Working families are already feeling the crunch. But the triple whammy of an imminent rise in the energy price cap, real wages falling and Tory tax rises coming down the tracks are going to make this crisis even worse.

“Instead of taking action, the Government are looking the other way, trapping us in a high tax, low growth cycle.

“Unlike the Conservatives, Labour would give families security with fully-funded measures now to keep energy bills low, saving most households £200 off their bills, with targeted extra help to squeezed middle, pensioners and the lowest earners.”