Pat McFadden responds to latest CPI inflation figures
Pat McFadden MP, Shadow Chief Secretary to the Treasury, responding to ONS figures released today showing that CPI inflation came in at 5.1%, said:
“These figures are a stark illustration of the cost of living crisis facing families this Christmas. From the energy price cap going up, soaring food costs and fuel prices hitting another record high – the list of price crunches as inflation continues to rise goes on and on.
“Instead of taking action, the Government are looking the other way, blaming ‘global problems’ while they trap us in a high tax, low growth cycle.
“Unlike the Conservatives, Labour wouldn’t be hitting working people with a tax hike, and as heating bills rise, we’d cut VAT on domestic energy bills now for the winter months, to help ease the burden on households.”