Tuesday 21 May 2019 / 1:51 PM Economy / John McDonnell

John McDonnell responds to latest OECD Economic Outlook

John McDonnell MP, Shadow Chancellor, responding to the latest OECD Economic Outlook forecasting sluggish growth for the UK economy, said:

“The OECD has confirmed it’s forecasting a very disappointing 1.2% growth for the UK economy this year and slowing even further to 1.0% next year.

“The government’s handling of Brexit has caused a year of falling investment and three successive quarters of declining productivity.

“To avoid causing even more damage they should make way for a Labour government that will deliver an economy for the many, not the few.”