Nigel welcomes negative inflation

Nigel today welcomed the release of figures by the Office of National Statistics (ONS) that show a negative rate of inflation for the first time on record and for the first time since 1960 on comparable data.

Speaking from Westminster this morning Mr Evans said,

“These figures demonstrate that the Government’s long term economic plan is continuing to work and I welcome them. Over the last year wage growth was at 2.2%, with price growth being -0.1%. 

The falling rate of inflation is due in large part to the continuing fall in food prices and fuel prices, which is making a real difference to the living standards of the people of rural areas such as the Ribble Valley where cars are a necessity and not a luxury.

In our area, unemployment is down to a mere 1%, with jobs and wages up and prices down. However, now is not the time to be complacent and I will spend the next 5 years vocally supporting the Government in its policies to continue to keep our economy on track.”