Catherine McKinnell MP, Labour’s Shadow Treasury Minister, responding to today’s inflation figures, said:

“The fall in the rate of inflation is welcome, yet most people are still feeling the squeeze.

“Wages after inflation have now fallen by over £1,600 a year under David Cameron and the link between the wealth of the nation and family finances is broken. A huge turnaround would be needed to ensure working people aren’t worse off than when this Tory-led government came to office.

“While the Tories try to deny it even exists, Labour has a clear plan to deal with the cost-of-living crisis and earn our way to higher living standards for all, not just a few at the top.”