Inflation rises to 2.8%

The rate of consumer price index inflation rose to 2.8% in February, from 2.7% in January, official figures showed.

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Government 'making things worse not better'

Labour's Shadow Treasury Minister has responded to today's inflation figures, saying that the government is "making things worse not better."

Cathy Jamieson MP said:

This government is making things worse not better. On top of rising food prices and soaring energy bills, millions will pay more next month as tax credits and child benefit are cut while millionaires pay less. The Budget must act to kickstart our flatlining economy and help people struggling with the rising cost of living right now. The tax cut for millionaires should be cancelled and people on middle and low incomes should be given a tax cut instead - for instance through a temporary VAT cut and by bringing back a lower 10p starting rate of tax.

– Cathy Jamieson MP

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