TUC – family budgets remain under the cosh

Responding to today’s (Wednesday) ONS figures showing CPI inflation rising to 4% and RPI inflation easing to 5.2%, TUC General Secretary Paul Nowak said:

“After 14 years of stagnating living standards you’ll struggle to find many people who feel any better off.

“Prices are still going up with inflation at double the Bank of England’s target. And whether it’s covering the weekly shop or paying the bills families remain under the cosh.

“If real wages have grown at their pre-crisis trend the average worker would be earning around £15,000 a year more.

“The Conservatives have delivered a decade of dismal economic growth which has hit pay packets and household budgets hard.

“Muddling through is not good enough. We need a government with a serious long-term plan.”