Sir Keir’s official spokesman confirmed the Prime Minister has no concerns regarding her conduct, and said: “The Prime Minister is working hand in hand with the Chancellor and has full faith in the Chancellor for the job that she has done in beginning to turn the economy round after 14 years of stagnation.”.
Since the election we’ve seen year on year wages after inflation growing at their fastest rate – worth an extra £1,000 a year on average – but I know that millions of families are still struggling to make ends meet.”.
Average house prices rose by an annual 4.6pc to £268,000 in December 2024, the fastest increase since January 2023 and up from a 3.9pc increase in the 12 months to November, the Office for National Statistics said on Wednesday.
The corrected statement added the critical caveat that wages after inflation are growing not at the fastest rate, but “at their fastest rate in three years”.
Ms Reeves’s corrected statement reflects the fact that average weekly earnings, adjusted for consumer price inflation, have grown by 3.4pc in the past year.
