Shabana Mahmood MP, Labour’s Shadow Treasury Minister, commenting on revised GDP figures and other economic releases published by the ONS today, said:

“These are concerning figures. Growth has been revised down for five of the last six quarters, exports continue to disappoint and business investment fell in the last quarter.

“The Chancellor has totally failed to rebalance the economy as he promised. And working people are still not feeling the recovery with wages sluggish and average earnings in real terms down £1600 a year since 2010.

“Labour’s economic plan will ensure we earn our way to rising living standards for all, not just a few. Alongside sensible spending cuts and ensuring those with the broadest shoulders make a greater contribution, that’s the way to get the deficit down in a tough but balanced way.”