Families are facing a new cost of living crisis under the Tories due to a perfect storm of rising prices and rock bottom wages.
The Office for National Statistics has today revealed that inflation has hit its highest rate since September 2013.
The cost of everyday consumer goods rose by 2.7% last month – up from just 0.3% 12 months ago.
Food, clothes, household goods, and transport all got more expensive due to the collapsing value of the pound since the EU referendum result – which some Brexiteers believe is a good thing because it will make exports “more competitive”.
Official date on wage growth from the ONS will follow tomorrow, but we already know what it will show: the cost of living is rising far faster than pay.
— Matthew Ryan (@mryan815) May 16, 2017
The perfect preamble to the Tory manifesto launch on Thursday…