Tuesday, 17 July 2012

Falling inflation alone won't cure our living standards crisis, says TUC

Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics - which show that CPI inflation fell to 2.4 per cent and RPI inflation fell to 2.8 per cent in June - TUC General Secretary Brendan Barber said:
"While the sharp fall in inflation will bring welcome relief for many workers, millions are still facing real wage cuts as the longest squeeze in living standards for decades continues.
"Falling inflation alone won't tackle our living standards crisis. We also need to see stronger wage growth, and for the government to reverse damaging cuts to tax credits."

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