The Chancellor has responded to the latest Consumer Prices Index data.
Chancellor of the Exchequer, said:
“I understand that families across the country are struggling
with rising prices and higher energy bills.
“This government will prioritise help for the most vulnerable
while delivering wider economic stability and driving long-term
growth that will help everyone.
“We have acted decisively to protect households and businesses
from significant rises in their energy bills this winter, with
the government’s energy price guarantee holding down peak
inflation.”
Labour
, Labour’s Shadow
Chancellor, responding to inflation increasing to 10.1%
this morning, said:
“Inflation figures this morning will bring more anxiety to
families worried about the Tories lack of grip on an economic
crisis of their own making.
“It’s clear that the damage has been done. This is a Tory crisis,
made in Downing Street and paid for by working people.
“The facts speak for themselves. Mortgage costs are soaring.
Borrowing costs are up. Living standards down. And we are
forecast to have the lowest growth in the G7 over the next two
years.
“What we need now is to restore financial credibility, and a
serious plan for growth that puts working people first. That is
what Labour will bring.”
