📈 #Inflation has hit 10.1% as prices continue to rise.
This spike in prices is all the more painful because it is hitting at a time when:
- Living standards have been squeezed for over a decade, leaving people with little cushion to absorb this
1/5
This spike in prices is all the more painful because it is hitting at a time when:
- Living standards have been squeezed for over a decade, leaving people with little cushion to absorb this
1/5
- Millions of families were already unable to make ends meet because our social safety net has been ripped up, and
- Public services are on their knees after years of underinvestment.
2/5
- Public services are on their knees after years of underinvestment.
2/5
Leaving families & the economy to languish won’t prevent inflation getting worse, & risks a deep recession which will scar our economy.
Govt should urgently:
1️⃣ Increase the national #livingwage to reflect the #costofliving & support workers to negotiate fair wage deals
3/5
Govt should urgently:
1️⃣ Increase the national #livingwage to reflect the #costofliving & support workers to negotiate fair wage deals
3/5
2️⃣ Boost benefits by £17bn to restore our safety net, & combine that with direct payments for families on low-modest incomes to support with the cost of living.
3️⃣ Increase the #WindfallTax to 20%, which would bring in £14bn a year.
4/5
3️⃣ Increase the #WindfallTax to 20%, which would bring in £14bn a year.
4/5
4️⃣ Freeze #energybills whist reforming the energy market by investing in #retrofitting millions of homes, breaking up the monopoly power of the big providers, and flooding the system with cheaper renewables from by co-operative companies that the public own.
5/5
5/5
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