Wednesday 23 May 2018 / 9:04 AM Business / Peter Dowd

Inflation remains higher than the Bank of England’s target – Dowd

Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, responding to today’s inflation figures from the ONS, said:

“Inflation remains higher than the Bank of England’s target, while working people are struggling with real earnings still lower than in 2010, following eight years of Tory economic failure.

“The next Labour government will introduce a £10 per hour Real Living Wage to tackle the squeeze on wages, and build a high wage, high skill economy for the many, not the few.”