1.6% inflation: is this the turning point for Tory election prospects?

If wages are shown to be outstripping inflation, Labour's cost-of-living argument collapses

The Mole

HAS the economy finally turned a corner that could give the Conservatives victory in the 2015 general election?

What senior Tories have been waiting for is figures showing wage rises outstripping inflation for the first time in six years: this would destroy Labour's argument that most voters are worse off under the coalition government and hopefully persuade the electorate that the long years of austerity have paid off.

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is the pseudonym for a London-based political consultant who writes exclusively for The Week.co.uk.