– Catherine McKinnell MP, Labour's Shadow Treasury Minister
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.
The rate of consumer price index inflation remained unchanged at 2.7% in December, official figures showed.