Inflation figures published last month showing that CPI fell to 2.4 per cent and RPI fell to 2.8 per cent in June were welcomed by the TUC, but with the caveat that these reductions hardly began to address the crisis in living standards in Britain.
While a decline in price pressures would bring welcome relief for many workers, millions were still facing real wage cuts as the longest squeeze in living standards in decades continued. Stronger wage growth and an end to damaging cuts to tax credits were urgently needed.http://www.tuc.org.uk/economy/tuc-21227-f0.cfm
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