Labour: Not the time for a victory lap or champagne

Well, inflation has fallen, but of course it remains above the Bank of England target. And this is just not the time for a victory lap and popping champagne corks, because this is about more than lines on a graph. It's about family finances. And the truth is, after 14 years of Conservative government, working families and pensioners are still worse off. And the truth is, I'm much more ambitious for the country than Rishi Sunak and Jeremy Hunt seem to be. I want the economy to be growing sustainably, with good jobs in all parts of the country. Which is why we set out the first steps on the economy last week, bringing back stability so we can grow our economy, reduce the cost of living and keep mortgages, inflation and taxes as low as possible. Well, despite the numbers coming down today, the truth is compared to three years ago, food prices are 30% higher, energy bills are higher, and that's had a real toll on family finances, who are still struggling after 14 years of conservative chaos. Added to that the mini budgets of just a year and a half ago that sent mortgage rates spiralling, which is having a very material impact on so many families up and down the country.