Chancellor comments on May 2022 GDP statistics + Labour response

The Chancellor's response to ONS GDP statistics for May 2022 is below. 

Chancellor of the Exchequer, Nadhim Zahawi said:

“It’s always great to see the economy growing but I’m not complacent. I know people are concerned so we are continuing to support families and economic growth .  

“We’re working alongside the Bank of England to bear down on inflation and I am confident we can create a stronger economy for everyone across the UK.”

Rachel Reeves MP, Labour’s Shadow Chancellor of the Exchequer, responding to new GDP figures, said:

"This shows how growth is still far too slow, when we urgently need to get our economy back on track.

“Over the last decade, Tory mismanagement of our economy has meant not only that growth has plummeted, but that living standards have fallen and real wages have failed to rise.

“Instead of presenting the plans we need for a stronger, more secure economy, the Tories are spending every waking minute indulging in unfunded fantasy economics.

“Any lingering sense that the Conservatives are the party of economic responsibility has been shredded to pieces.

“Labour will tax fairly, spend wisely and grow our economy. Only with Labour in government can we reboot our economy, revitalise our public services and re-energise our communities.”