Tuesday 23 July 2019 / 2:25 PM Economy / John McDonnell

IMF comments on UK’s “sharp contraction” – McDonnell responds

John McDonnell MP, Labour’s Shadow Chancellor, responding to the IMF’s comments on the UK’s recent “sharp contraction” in GDP, said:

“As Boris Johnson swans into office, this is an important jolt – reminding us of the impact of both the Tories’ brutal austerity and their Brexit bungle on the UK’s economic performance.

“The IMF is joining the expanding group of commentators expressing concern about the state of our economy.

“We are about to have an unelected Prime Minister – alongside under-funded public services, slumping productivity, and stagnant wages.

“It’s never been clearer that we need a general election, and a Labour Government.”

Ends

 

Notes to Editors