The statement about the economic health of the country was dismissed as 'baloney' by one City economist, while another branded it 'a political soundbite'.
Labour was last night accused of 'talking the economy down' amid fears it is planning a string of punishing tax raids.
Ms Reeves has ordered a review of the UK's finances by the Treasury that looks set to pave the way for tax rises in an autumn Budget. Former Tory MP Sir John Redwood, who stepped down at the election, said the claim 'is simply not true. It is bizarre. They are talking the economy down' Former Tory MP Sir John Redwood, who stepped down at the election, said the claim 'is simply not true. It is bizarre. They are talking the economy down'.
At the same time, unemployment currently stands at 4.4 per cent compared with 7.9 per cent in 2010 and inflation is 2 per cent compared with 3.4 per cent 14 years ago.
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