Tuesday, 14 August 2012

Shock inflation rise a body blow to workers and rail users

Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics - which show that CPI inflation increased to 2.6 per cent and RPI inflation increased to 3.2 per cent in July - Midlands TUC Regional Secretary Rob Johnston said:
"This shock rise in inflation is a body blow to workers in need of respite after two years falling wages.
"Last week the Bank said the UK economy would improve as real incomes started to grow. Today's news will knock back the recovery even further into the future.
"And there is a further shock in store for rail commuters, who could see the price of their season ticket going up three times faster than their pay rise.
"In return for these whopping fare increases, rail travellers can expect cutbacks to services and more unmanned stations, creating safety risks for those travelling at unsociable hours."

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