Wednesday 17 Dec 2014 @ 13:20
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Inflation fall shows economic need for wage rises, says TUC

Commenting on the latest inflation figures published yesterday (Tuesday), which show a larger than expected fall in inflation to one per cent – the lowest figure for over ten years – TUC General Secretary Frances O’Grady said:

“Seven years of falling real wages have damaged our economy and left the recovery looking increasingly fragile and unbalanced. Concerns about deflation are not going away.

“Today’s figures should put a decisive end to speculation about early interest rate rises – it’s sustained and proper wage rises that the economy desperately needs.”

NOTES TO EDITORS:

- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:

Liz Chinchen   T: 020 7467 1388    M: 07778 158175   E: media@tuc.org.uk
Tim Nichols   T: 020 7467 1337   M: 07876 452902  E: tnichols@tuc.org.uk
Clare Santry   T: 020 7467 1372    M: 07717 531150   E: csantry@tuc.org.uk

 

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