– Treasury spokesperson
It is disappointing that inflation increased in October. Inflation remains much lower than its peak of 5.2% last September. The Government has taken action to help people with the cost of living, including freezing fuel duty and council tax and taking two million people out of income tax altogether.
UK inflation leapt to 2.7% last month after university students were hit with a near-trebling in tuition fees and households faced rising food costs, official figures revealed.