Inflation stats: A cold comfort as families see pay squeezed on all sides 

15 Nov 2023


The Liberal Democrats have slammed the Government for celebrating new inflation figures as research by the party reveals average earners have seen their annual wages eroded with a real terms cut of almost £700. 

Commenting, Liberal Democrat Treasury spokesperson Sarah Olney MP said: 

"Rishi Sunak congratulating himself over today’s figures will be cold comfort for all the hard-working people still bearing the brunt of this Conservative chaos. 

"For months on end, people across the country have been watching as their pay cheque gets squeezed from all sides, draining every spare penny. From the ever-increasing cost of the weekly shop to skyrocketing mortgage payments. 

"Enough is enough. With next week’s Autumn Statement the Government must properly help families and pensioners struggling with the cost-of-living crisis and give our NHS the funding it desperately needs.”


Notes to Editor:

Liberal Democrat analysis of inflation figures was reported first by The Times

House of Commons Library research and Liberal Democrat analysis can be found here. (Liberal Democrat analysis on income tax equivalent in tab 1; Library research in tab 2).




Desks a computers in front of a wall painted with the bird of liberty

Back to press releases

A person using a laptop

Contact the press office


This website uses cookies

Like most websites, this site uses cookies. Some are required to make it work, while others are used for statistical or marketing purposes. If you choose not to allow cookies some features may not be available, such as content from other websites. Please read our Cookie Policy for more information.

Essential cookies enable basic functions and are necessary for the website to function properly.
Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
Marketing cookies are used by third parties or publishers to display personalized advertisements. They do this by tracking visitors across websites.