Sunday 21 July 2019 / 3:52 PM Economy / John McDonnell

Hammond’s revelation underlines the twin threat of a No Deal Brexit and Boris Johnson becoming Prime Minister – John McDonnell

John McDonnell MP, Labour’s Shadow Chancellor, commenting on the Chancellor of the Exchequer’s revelation that he will resign over Boris Johnson’s insistence his Cabinet back a No Deal Brexit, said:

“Philip Hammond’s extraordinary revelation underlines the twin threats posed to the UK economy of a No Deal Brexit and Boris Johnson becoming Prime Minister.

“The Conservatives have bungled the Brexit negotiations, dragged down the economy and put jobs at risk. They are now on the brink of appointing a Prime Minister that their own Chancellor believes would be a danger to the economy and the wellbeing of everyone in the UK.

“Boris Johnson’s No Deal Brexit would devastate the UK economy and the public finances, compounding nine years of failure to manage our economy.

“While the Tories deny Britain the opportunity to choose our next Prime Minister, Labour would let the people decide the country’s future through a public vote on any deal agreed by parliament, with Labour campaigning for Remain against no deal or a bad Tory deal.”