Responding to today’s inflation figures, Labour welcomed the rise but said that prices are still rising faster than wages.
This fall in the inflation rate is welcome, but the squeeze continues as prices are still rising faster than wages.
Working people facing this cost-of-living crisis are on average £1,600 a year worse off since David Cameron came to office.
Wages should begin to grow with the economy, setting the stage for living standards to improve, but there is a lot of ground to make up.
Figures on rising private sector wages are politically explosive and could change the debate on the economy.