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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).