Inflation figures are still higher than Bank of England’s target – Peter Dowd
Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, responding to today’s inflation figures by the ONS, said:
“Today’s inflation figures are still higher than the Bank of England’s target.
“After eight years of Tory economic failure, it’s more bad news for working people still struggling with real earnings lower than when the Tories first came to office in 2010.
“The next Labour government will introduce a Real Living Wage at £10 per hour to address the crisis in living standards, and build a high wage, high skill economy for the many, not the few.”