TUC: Ongoing low inflation signals need for urgent action to protect and boost growth
14 Sep 2016 10:28 AM
TUC General Secretary Frances O’Grady commented on the latest inflation figures published yesterday which show Consumer Price Index (CPI) inflation in August unchanged at 0.6%,
“The UK’s continuing low inflation – with the fall in the exchange rate not yet feeding into higher prices – is a sign that the economy is below full strength. Action is needed urgently to protect jobs and ensure workers do not pay the price for the vote to leave the EU.
“The TUC has published an action plan to keep the economy moving and strengthen future growth. The government must give the go-ahead for a third runway at Heathrow, bring forward major new infrastructure projects like high-speed rail and announce a big expansion in housebuilding.”
UK consumer price inflation : Aug 2016
NOTES TO EDITORS:
- The full TUC report on urgent economic actions needed ‘Working people must not pay the price for the vote to leave the EU: an action plan to protect the economy, jobs and workers’ rights’ can be found at: www.tuc.org.uk/sites/default/files/WorkingPeopleMustNotPaythePrice.pdf
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
- Congress 2016 will be held in the Brighton Centre from Sunday 11 September to Wednesday 14 September.