New official figures show high inflation and low wage growth are putting a tight squeeze on the living standards of ordinary workers.
With the cost of living currently rising three times faster than wages, the TUC said that instead of supporting hard-pressed families, the government has made things worse by raising VAT and cutting tax credits.
The latest inflation figures also confirm that the government's CPI stealth cut would reduce the value of benefits and pensions by 0.4 per cent next year. Over the next three decades, the value of public sector pensions and many private sector pensions could be slashed nearly 30 per cent, forcing many people into poverty in retirement.
Full TUC response @
http://www.tuc.org.uk/economy/tuc-20177-f0.cfm
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