Inflation figures show the economy is recovering

November 18, 2014 10:05 AM
Originally published by UK Liberal Democrats

Inflation figures released today by the Office for National Statistics (ONS) provide further evidence that the economy is recovering.

In October, UK inflation rose to 1.3 per cent, up from 1.2 per cent the previous month.

Commenting on the figures, Liberal Democrat Chief Secretary to the Treasury, Danny Alexander said:

"Consistently low inflation helps give businesses the confidence to invest as well as helping with family budgets. The Liberal Democrats formed the coalition with the central purpose of rescuing, re-wiring and rebalancing the UK economy.

"There are clearly risks ahead arising from uncertainties in the Eurozone and global economy. But combined with record job creation and strong growth, today's figures show that our recovery plan is working and that we are continuing to make progress."