Friday 19 July 2019 / 9:02 AM Economy / John McDonnell

John McDonnell responds to June 2019 ONS Public sector finances

John McDonnell MP, Labour’s Shadow Chancellor, commenting on government borrowing in June 2019 being £7.2 billion, £3.8 billion more than in June 2018, the highest June borrowing since 2015, said:

“With the Conservatives obsessed with No Deal Brexit and a race to the bottom on taxes, the outlook for our public services after years of austerity is grim.

“Instead of investing to grow they have passed on the deficit to hospitals and local councils, overseeing stagnating wages and productivity.

“Only a Labour Government will deliver the radical transformation that is desperately needed to boost living standards and eliminate in-work poverty.”