Home Business News Unions warn there is ‘no end in sight to the cost of living crisis’ despite the fall in inflation

Unions warn there is ‘no end in sight to the cost of living crisis’ despite the fall in inflation

by LLB Finance Reporter
24th May 23 10:57 am

Despite the fall in inflation Brits are being warned that there is “no end in sight to the cost of living crisis.”

Unite general secretary Sharon Graham has pointed out that RPI inflation is still in double digits even though it fell in April 11.4% from 13.5% in March.

Graham said, “Falling inflation does not mean we’ve reached a turning point where things can only get better.

“In the real world there’s no end in sight to the cost-of-living crisis.

“The cost of food is now reaching record highs – driven of course by rampant profiteering by the supermarkets, in particular.

“Until profiteering is challenged there can be no respite from continuing inflation.”

TUC general secretary Paul Nowak added, “Prices are still rising much faster than wages and families cannot restore their lost living standards without stronger wage growth.

“Rishi Sunak does not have a plan to get wages rising and he wants to sack workers who use their right to strike to get a fair pay deal.

“We all want inflation to fall faster, but working families are also suffering from this Government’s failure to get wages growing. This needs to change too.”

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