While the Tories deny there is a cost-of-living crisis, the squeeze on living standards since 2010 means working people are on average £1600 a year worse off- Cathy Jamieson

Cathy Jamieson MP, Labour’s Shadow Treasury minister, responding to today’s inflation figures, said:

“These figures show that plummeting global oil prices have led to the rate of inflation falling here in Britain.

"But wages continue to be sluggish, barely keeping up with rising prices. The latest figures show total pay up by just 1 per cent - the same as today’s CPI figure - and pay excluding bonuses up just 1.3 per cent.

"While the Tories deny there is a cost-of-living crisis, the squeeze on living standards since 2010 means working people are on average £1600 a year worse off.

"Labour’s economic plan will ensure we earn our way to higher living standards for all, not just a few at the top. Our plan to tackle the cost-of-living crisis and for more good jobs is also a key part of our tough but balanced plan to get the deficit down.”