Commenting on the increase in the rate of inflation to 3%, its highest for five years, Chuka Umunna MP, leading supporter of Open Britain, said:
“This is terrible news for families across Britain, who will now see their pay packet buy less and less in the shops and at the pumps.
“It’s clear the Brexit vote is responsible for this rise in inflation, and for making families worse off, as the plummeting pound has pushed up the cost of imported goods like food, clothes and petrol.
“People were promised that Brexit would leave us better off, not worse. To protect living standards, the Government must act to preserve our trade links with Europe, our biggest trading partner which supplies a fifth of all the food in our supermarkets.
“That means negotiating to stay in the Single Market and the Customs Union in the long-term.”