Pat McFadden responds to latest ONS Consumer Price Inflation statistics

Pat McFadden MP, Labour's Shadow Chief Secretary to the Treasury, responding to ONS figures released today showing that CPI inflation came in at 5.5%, said:

"The cost of living crisis isn't going away. With inflation expected to rise even further, and working people already feeling the crunch, the Tories should have taken action by now.

"Instead, the Chancellor's buy now pay later scheme on energy bills loads up debt for future years, while his tax rises will only make matters worse.

"Labour's plan would see cash to households in the short-term, funded by a one-off tax on oil and gas producer's booming profits, alongside a longer-term strategy for warmer homes and greater energy security."