Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, responding to today’s inflation figures, said:
“Today’s inflation figures are yet more worrying news for working
people.
“Living standards are being squeezed, with inflation rising and
wage growth slowing. As a result, real pay is beginning to decline again,
contracting at the start of 2017 for the first time since August 2014.
“Only
Labour will ensure working people’s living standards are protected. That’s why
this week Labour is announcing a real Living Wage of £10 per hour from 2020.”
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