John McDonnell responds to British Chamber of Commerce forecast for 2019
Commenting on the British Chamber of Commerce’s downgrade of its growth forecast for 2019 to 1.2% and forecast that net trade will make a negative contribution to GDP growth in 2019, 2020, and 2021, Shadow Chancellor John McDonnell MP said:
“This is another indictment of the Government’s management of the economy.
“Only a government as complacent and incompetent as this one would trumpet its record with forecasts as bleak as these.
“This Government’s bungling of Brexit and long-running austerity have contributed to poor trade forecasts, plummeting business investment, and youth unemployment projected to rise.”