Chancellor responds to labour market statistics

The Chancellor has responded to the latest labour market statistics.

The Chancellor said:

“Countries around the world are facing economic challenges, but today’s statistics remind us that the fundamentals of the UK economy remain resilient, with unemployment at its lowest point for almost 50 years.

“Our ambitious Growth Plan will drive sustainable long term growth, meaning higher wages and better living standards for everyone, and we are cutting taxes so people can keep more of what they earn.”

“But we know people are concerned about rising prices and that’s why we’re standing behind families with our Energy Price Guarantee, saving the average household £1000 a year for the next two years.”

Additional information:

• Someone earning £30,000 a year will be almost £400 a year better off thanks to our tax cuts.