Monday 11 February 2019 / 10:37 AM Economy / John McDonnell

John McDonnell responds to GDP stats

John McDonnell MP, Labour’s Shadow Chancellor, responding to the latest GDP figures, said:

“The evidence is mounting that the combination of the Government’s shambolic handling of Brexit and nine years of austerity is causing real damage to our economy.

“Business investment has been falling for months now, as uncertainty and the fear of No Deal cause immediate damage to confidence.

“Six consecutive months of decline for the manufacturing sector hasn’t happened since 2009.

“The Government must act now to take No Deal off the table and Philip Hammond must use his Spring Statement to end the disastrous austerity policy which has done so much to damage the economy.”