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

“Inflation is falling around the world because global oil prices have plummeted. But in Britain wages continue to be sluggish and working people are £1,600 a year worse off under this government.

"A few months of falling world oil prices won’t solve the deep-seated problems in our economy. That’s why we need Labour’s better plan to build a more productive economy that will earn our way to higher living standards for all and so get the deficit down too.”

Ends