Inflation figures: Government "failing miserably" to bring relief to families

Responding to the latest figures showing inflation remained at 8.7% in the year to May, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

"These worse than expected figures show the government is failing miserably to bring inflation down and provide relief for struggling families facing soaring bills.

“Homeowners now face the likelihood of even more interest rate hikes adding to their monthly mortgage payments, all while the Chancellor just sits on his hands.

“It beggars belief that ministers are refusing to support hard-pressed families when it’s this Conservative government’s catastrophic failure to run the economy that caused this crisis.

“This must be the most uncaring Government to ever walk into Downing Street. It’s as if ministers are living on another planet.”

ENDS