Inflation: Chancellor has put the UK at risk of "new era of stagflation”

EMBARGO: Immediate Release

Responding to inflation rising to 3%, Liberal Democrat Leader Ed Davey said:

“The Chancellor’s misguided policies are putting us at risk of a new era of stagflation. The economy still isn’t growing, and now people are being hit in their pockets too.

“The Conservative Government plunged Britain into a cost of living crisis, and Labour’s failures are just making the misery drag on and on.

“The Government urgently needs to change course and take real action to get our economy growing strongly and bring down the cost of living, starting by cancelling their disastrous jobs tax and securing a much better trade deal with Europe.”

ENDS