Labour accuses govt of ‘blaming global problems’ for inflation jump
Labour’s shadow chancellor Rachel Reeves has blasted the government for ‘blaming global problems’ for the jump in inflation rates.
New figures released by the Office for National Statistics today show that inflation in the UK hit 4.2 per cent in October, more than double the Bank of England’s 2 per cent target.
The MP said via Twitter today that is was “extremely concerning giving the growing cost-of-living crisis” and accused the Government of “looking the other way, blaming ‘global problems'”, claiming: “It’s going to leave households more than £1,000 worse off.
“From the energy price cap going up, increased VAT for hospitality businesses, used cars and clothing costing more, fuel prices hitting another record high and rents rising at their fastest rate in 13 years – the list of price crunches linked to this inflation rise goes on and on,” she went on.
