Catherine McKinnell, Labour’s Shadow Economic Secretary to the Treasury and MP for Newcastle North, responding to today’s (14th January) inflation figures, said:
“This small fall in the inflation rate is welcome, but with prices still rising more than twice as fast as wages the cost-of-living crisis continues. After three damaging years of flatlining, working people are on average £1600 a year worse off under the Tories.
“What we need is Labour’s plan to tackle the cost-of-living crisis and earn our way to higher living standards for the many and not just a few.
“Labour would freeze energy bills until 2017 while we reform the energy market, make work pay by expanding free childcare for working parents and get at least 200,000 homes built a year by 2020.
“By opposing all these measures and giving a huge tax cut to people earning over £150,000 David Cameron has shown he only stands up for a privileged few.”