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

“The squeeze on working people continues despite this fall in the rate of inflation. Total pay is rising at just 0.6 per cent, which is half the rate of CPI inflation announced today.

“Working people whose real wages have fallen by £1,600 a year since 2010 face a further hit if the Tories win the election and cut tax credits again. George Osborne’s Strivers’ Tax will see a one earner family earning £25,000 and with two children lose almost £500 a year.

“Labour’s economic plan will tackle the cost-of-living crisis and earn our way to higher living standards for all, not just a few at the top. We will balance the books in the next Parliament, but do so in a fairer way.”

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