Thursday 2 May 2019 / 2:01 PM Economy / John McDonnell

John McDonnell responds to Bank of England report highlighting the impact of Brexit related uncertainty on the economy

John McDonnell MP, Labour’s Shadow Chancellor, responding to Bank of England commentary highlighting the impact of Brexit related uncertainty on the economy, said:

“The Bank of England has today shown what we already knew: that the government’s refusal to accept Labour’s customs union proposal may be harming investment and the economy.

“This report underscores the consequences of the government’s incompetence and ill-discipline in economic management: falling business investment, weak productivity growth and an economy performing well below its potential.

“A Labour government will put an end to this negligent economic management and tackle problems that have been left unaddressed for far too long.”