Wednesday 14 August 2019 / 9:17 AM Economy / John McDonnell

Rising prices will hurt those already affected austerity – John McDonnell

John McDonnell MP, Shadow Chancellor, responding to news that inflation rose to 2.1% in July, said:

“Rising prices will hurt those already affected by nine years of austerity – and nine years of the Tories’ low-pay economy.

“Real wages are still below pre-crisis levels – and the failure of the Tories to boost real wages shows why they cannot be trusted on the economy.

“Labour will establish a real living wage of at least £10 per hour, invest in our public services to end austerity, and end the scourge of the low-pay economy.”