Figures published in August showing that RPI inflation remained at 5 per cent and CPI had climbed to 4.4 per cent in July underlined the squeeze on workers' living standards, the TUC said in response.
'While rail commuters despair at the prospect of 8 per cent fare rises next January, savers will be fuming at the Government's stealth cut on pensions as a result of the switch to the lower CPI inflation measure - which could slash the value of their pension by 15 per cent over the next 20 years', said Brendan Barber.
Full TUC reaction @
http://www.tuc.org.uk/economy/tuc-19916-f0.cfm
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