Chancellor has a direct hand in Britain’s big income squeeze, says TUC

Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics (ONS), which show that RPI inflation fell to 5.3 per cent in March, TUC Regional Secretary Cheryl Pidgeon said: “The fall in inflation is welcome but the cost of living is still rising at more than twice the level of earnings so workers will struggle to celebrate today’s figures. “The Chancellor has a direct hand in this income squeeze as the VAT rise and budget measures are adding over a percentage point to inflation. “With tax credit cuts also hitting working families and spending cuts stunting growth, people are really suffering in our so-called recovery. “The government must heed the growing economic warning signs and change course before it causes even more damage.”