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More cost of living pain with a further interest rate hike and worries that a punishment Budget is to come says Usdaw

Date: 03 November 2022 Retail trade union Usdaw has condemned the Conservative Government for tanking the economy, which has forced the Bank of England to impose a further interest rate hike on already struggling households. The union warns the Government not to inflict a punishment budget on workers to pay for their economic policy failures.
Paddy Lillis – Usdaw General Secretary says: “The worsening cost of living crisis is clearly a direct result of the so-called Mini-Budget that tanked the economy; leading to today’s further interest rate rise and predictions of a long recession to come. We urge the Prime Minister and Chancellor not to use this month’s Budget to punish workers for the horrendous failings of Conservative economic policy, by imposing unfair tax rises and damaging public service cuts.
 
“Workers need a government that will make a real difference to their lives, as they desperately struggle to make ends meet in the midst of a cost of living crisis. This month’s Budget should focus on tackling soaring inflation, including a long-term strategy on energy prices while at the same time raising income levels, including ensuring that minimum wage rates and Universal Credit rise by at least the level of inflation.
 
“Our members need a new deal for workers, which could help give working people the protections they deserve; a new deal that will end low-paid insecure employment, giving workers the dignity of a fair day’s pay for a fair day’s work. Keir Starmer offers the hope and change our members need. The time is up for the Tories, we need a general election and a Labour Government to put Britain back on track.”
 
Notes for editors:
 
Usdaw (Union of Shop, Distributive and Allied Workers) is the UK's fifth biggest trade union with around 360,000 members. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemical industry and other trades.
 
Labour’s New Deal for Workers: www.usdaw.org.uk/LaboursNDW
 
For Usdaw press releases visit: http://www.usdaw.org.uk/news and you can follow us on Twitter @UsdawUnion

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The official website of the Union of Shop, Distributive and Allied Workers