NTIA Says CPI Figures Show No End To Crisis In Sight

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Figures released today show the rate of inflation has eased slightly but still remains above 10%, according to official figures. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed to 10.1% in March from 10.4% the previous month. UK inflation dips but remains above 10%.

Michael Kill CEO NTIA Says:

“Inflation remains above 10%, slowing from 10.4% in February to 10.1% but feedback from members businesses is that we trading conditions have not eased, and many are struggling to survive over the next few months.”

“There is no consideration for the immediate issues faced by the sector, with a willingness or an acceptance that a proportion of businesses will fail, as collateral damage due to the crisis.”

“This is not something we can accept, and we continue to pressure Government on the immediate issue of untenable operating costs, and in particular the devastating impact of Energy costs across the sector.”

“It is important that the Government consider immediate measures to secure businesses at the sharpest end of the crisis.”

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