Rachel Reeves MP, Labour’s Shadow Chancellor of the Exchequer, responding to GDP figures that show the UK economy shrank by 0.3% in April, said:
“These figures will add to the worry families are still feeling about their own finances and the long term health of our economy.
“They will also add to growing concern about abysmal growth and plummeting living standards under the Conservatives.
“Instead of properly addressing the structural weaknesses and insecurity they’ve created, all the Conservatives use are sticking plasters.
“Labour will create a stronger, more secure economy by boosting our energy security, supply chain security and business security.”
Responding to ONS data revealing GDP fell by 0.3% in April, Liberal Democrat Treasury spokesperson Christine Jardine MP said:
“The Government’s barrage of tax hikes and lack of cost-of-living support are leaving people to suffer, and now that’s translating into worrying economic figures.
“The UK has the best universities, the best services sector and the best workforce – yet this Government is in such disarray that we’re headed for the lowest growth in the G7. Their incompetence is nothing short of dangerous.
“Instead of giving speeches full of empty promises, Boris Johnson and Rishi Sunak need to start listening to people and give them real help with the cost of living.”