Tuesday 8 October 2019 / 10:33 AM Economy / John McDonnell

John McDonnell responds to productivity stats

John McDonnell MP, Labour’s Shadow Chancellor, commenting on productivity falling by 0.5%, said:

“With productivity and growth tumbling, it’s clearer than ever that the Tories are running the economy into the ground.

“This damning indictment of the government’s record reflects not just its Brexit bungling but a failure to tackle long-term challenges in the economy.

“A Labour government will tackle the productivity crisis by ending austerity, boosting wages, and providing half a trillion pounds of lending and spending for economic transformation.”