Rampant inflation means people’s pockets squeezed hardest for generation

Meanwhile the Bank of England boss doesn’t want workers to get a decent pay rise, says GMB Union 

GMB Union has responded to new inflation figures today [16 February 2022]

The latest figures from the ONS show RPI had risen to 7.8 per cent in January 2022, up from 7.5 per cent in December 2021.

Gary Smith, GMB General Secretary, said:  

“Inflation is rampant, energy prices are rocketing and people’s pockets are squeezed harder than they’ve been for a generation.

“Meanwhile the Bank of England boss doesn’t want workers to get a decent pay rise.

“The Government has lost control. They’ve overseen a shambolic energy strategy that has left us with no gas storage, a regressive green poll tax on poorly paid workers and wind turbines built on the other side of the world instead of here at home.

“Meanwhile bill-payers have to fork-out for failed energy companies.

“But bosses be warned; GMB members aren’t taking it lying down, they are taking on employers and winning the big pay rises they deserve.