Rachel Reeves comments on GDP data showing no economic growth in the most recent quarter

Rachel Reeves MP, Labour's Shadow Chancellor, commenting on GDP data showing no economic growth in the most recent quarter, said:

"Today's figures show us how – despite Britain's great potential – our economy is stuck in the slow lane.

"We can be a leader in the industries of the future that will help grow our economy.

"And we must bring in urgent measures to prevent yet more harm from the cost of living crisis, using a proper windfall tax on oil and gas giants to stop the energy price cap going up in April so that people have more money in their pockets.

"Built on the rock of economic stability, Labour will tackle the cost of living crisis and get our economy growing, with our Green Prosperity Plan, reform to business rates, and by making the UK the best place to start and grow a business."