A Barnsley and Dearne MP has called for the introduction of a lower 10p starting tax rate to tackle the deepening cost of living crisis.
Figures released by the ONS show that the rate of consumer price index (CPI) inflation rose from 2.4 per cent in April to 2.7 per cent in May. The Bank of England expects inflation to be above three per cent this year.
Barnsley East MP Michael Dugher has called for the introduction of a lower 10p starting tax rate to ease the impact of the increasing cost of living that faces people within his constituency.
Mr Dugher said: “The rising cost of living is a real worry for the people of Barnsley. Prices are rising much faster than wages and people’s budgets are being stretched. We keep hearing that the economy is healing, but in reality life is getting much tougher for ordinary people.
“After inflation wages are on average £1300 a year lower than when this Government came to power in 2010.
“The Government should act now and introduce a lower 10p starting rate to help relieve some of the pressure placed on families facing soaring energy bills and rising prices.”