Rachel Reeves has corrected inaccuracies in economic data presented to MPs and peers, leading to amendments in the parliamentary record. She misquoted labor market figures, stating 20% economic inactivity instead of the true 21% and misstated the unemployment rate as just over 4%, while it stands at 4.7%. These errors arose amid scrutiny of her economic policies and a potential Budget gap of £50bn, with criticisms from business leaders regarding her handling of taxpayer finances. Past corrections have also been required on wage growth claims.
The Treasury confirmed that Hansard had been amended following errors made by the Chancellor during committee hearings, particularly in figures regarding pension scheme management.
Rachel Reeves incorrectly stated that 20% of working-age individuals are economically inactive, while the correct figure is 21%, with an unemployment rate of 4.7% instead of 4%.
Andrew Griffith criticized Reeves for her lack of accuracy, emphasizing that it is crucial to be precise with numbers when dealing with substantial taxpayer funds.
Reeves's pension reforms aim to reduce administering authorities from 96 to eight pools, but official figures later showed 86 authorities with a consolidation plan into six pools.
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