UK inflation eases slightly to 10.7%, but cost of living crisis grinds on – as it happened
Inflation falls back from 41-year high as motor fuels price rises slow, but costs rise faster in restaurants, hotels, cafes and pubs.
- Full Story: UK inflation eases to 10.7% as annual rate of price increases slows
- Inflation is still causing pain and Bank of England risks making situation worse
The Unite union are urging ministers, and bosses, to agree to pay rises to help workers though the cost of living crisis.
Unite general secretary Sharon Graham warns that workers are facing a bleak midwinter', as families pay the price of soaring inflation:
Although the inflation rate has eased very slightly, the cost of living is still close to a 40 year high. The latest figures again confirm that workers face a bleak midwinter.
With the Government essentially calling for a national pay cut, wages still trail behind price rises. Families and communities are being set up to pay the price of a crisis not of their making. Different choices can and must be made.
In the last year we have already put over 200 million pounds back in the pockets of workers. This out of touch Government is on a collision course with everyday people and Unite stands ready to defend workers by all and every means."
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