Press Story

Reacting to today’s latest inflation data for the UK Pranesh Narayanan, research fellow at IPPR, said:

“Today’s welcome news shows inflation is going in the right direction, but we can’t be complacent about the state of the economy.

“Inflation is coming down, but unemployment is ticking up. We still have record levels of people who are too sick to work, a cost-of-living crisis and stagnant growth.

“It’s time for the Bank of England to cut interest rates and the government to come up with a serious plan for public spending and investment. The priority should not be more tax cuts.”