Worrying that inflation remains high and prices are continuing to rise - McKinnell

15 January 2013

Catherine McKinnell 2Catherine McKinnell MP, Labour's Shadow Treasury Minister, responding to today's inflation figures, said:

“It's worrying that inflation remains high and prices are continuing to rise so much faster than wages. But instead of easing the squeeze, ministers are adding to the cost of living crisis for people on middle and low incomes.

“On top of soaring energy bills millions of families and pensioners will soon be hit by the Government's granny tax, cuts to working tax credit and child benefit while 8,000 millionaires get a tax cut.

“This out of touch Government has got its priorities all wrong. Instead of giving a £3 billion tax cut to the very richest David Cameron and George Osborne should be helping people on modest incomes who are struggling with the rising cost of living.”