Chancellor responds to Labour Market Statistics

Chancellor of the Exchequer Jeremy Hunt said:

“This is the 10th month in a row that wages have risen faster than inflation which will help with the cost of living pressures on families. And while we are dealing with some challenges in our labour supply, including pandemic impacts, as our reforms on childcare, pensions tax reform and welfare come online I am confident we will start to increase the number of people in work."

UK Labour Market May 2024