HIGHEST INFLATION IN 40 YEARS ‘TORY MADE CATASTROPHE’

HIGHEST INFLATION IN 40 YEARS ‘TORY MADE CATASTROPHE’ – GMB

Chancellor must fix skyrocketing increases in the cost of living tomorrow, says GMB Union

GMB Union has responded to new inflation figures today [16 November 2022].

The latest figures from the ONS show RPI had risen to 14.2 per cent in October 2022, up from 12.6 per cent in September.

Gary Smith, GMB General Secretary, said:

“Inflation is at its highest rate in more than forty years and working people are paying the price.

“Workers across the UK are struggling to heat their homes and put food on the table because wages are not keeping pace with skyrocketing costs.

“The Chancellor must take immediate and convincing action to help people through this Tory made cost of living crisis – otherwise our members will know for certain this Government has lost control.”