Chancellor responds to GDP estimates for October

The Chancellor has responded to the ONS GDP estimate for October.

Chancellor of the Exchequer Rachel Reeves said:

“We are determined to deliver economic growth as higher growth means increased living standards for everyone, everywhere. This is what our Plan for Change is all about.

"While the figures this month are disappointing, we have put in place policies to deliver long term economic growth. We have put public finances back on a stable footing, capped the rate of corporation tax at the lowest level in the G7, established a £70 billion National Wealth Fund to drive growth in our towns and cities, launched a 10 year infrastructure strategy and are creating pension mega funds to boost investment in British businesses, infrastructure and clean energy."