Rachel Reeves responds to GDP figures released this morning

Rachel Reeves MP, Labour’s Shadow Chancellor, responding to GDP figures released this morning, said: 

“GDP figures this morning show the UK economy is still in a dire state because of this Tory government.

“This is a Tory crisis, made in Downing Street and paid for by working people. 

“The facts speak for themselves. Mortgage costs are soaring leaving families worrying about making ends meet. Borrowing costs are up. Living standards down. And we are forecast to have the lowest growth in the G7 over the next two years. 

“That the IMF yesterday described the “UK like a car with two people each trying to steer the car in a different direction” leaves us an international laughing stock.

“The Conservatives must reverse their disastrous mini-Budget. Any continued failure to do so shows damaging levels of denial from the Prime Minister and her Chancellor.”