Chancellor responds to August labour market statistics

The Chancellor responded to the ONS August labour market statistics.

Chancellor of the Exchequer, Nadhim Zahawi said: 

“Today’s stats demonstrate that the jobs market is in a strong position, with unemployment lower than at almost any point in the past 40 years – good news in what I know are difficult times for people.

“This highlights the resilience of the UK economy and the fantastic businesses who are creating new jobs across the country.

“Although there are no easy solutions to the cost of living pressures people are facing, we are providing help where we can. We are delivering a £37 billion package of help for households through cash grants and tax cuts so people can keep more of what they earn.

“And whilst we cannot completely shield everyone from these global economic shocks, we are targeting this support on millions of the most vulnerable people in our society: those on the lowest incomes, pensioners and disabled people.”