Miliband to warn on inflation

first_imgSunday 27 February 2011 11:34 pm Miliband to warn on inflation whatsapp whatsapp LABOUR leader Ed Miliband will today warn of a “cost of living crisis” for middle-earners, who he claims will be hit the hardest by looming inflation. Miliband will argue in a speech this morning that a mix of rising prices, spending cuts and benefit changes will make life difficult for middle-income families.In an effort to rekindle Labour’s ties to the “squeezed middle” and capitalise on fears of inflation, Miliband is expected to say that wage freezes risk affecting lower earners long after the broader economy recovers.Miliband will warn that a “British promise… that the next generation would always do better than the last is under threat like never before” in a speech at the Resolution Foundation, a thinktank chaired by Resolution founder Clive Cowdery.The foundation is launching a commission on living standards, which will research the long-term pressures on people with low to middle incomes.The thinktank has already produced data suggesting that average pay in 2015 will be no more than it was in 2003 once inflation has been factored in.“While those at the top have done well, middle and low earners are no longer guaranteed the proceeds of growth,” Miliband is expected to say.“Our economy is increasingly unfair not just for those at the bottom but for many of those in the middle as well.” More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest Tags: NULL KCS-content Show Comments ▼ Sharelast_img read more