Wednesday 7 June 2017 / 11:58 AM 2017 Press Archive / The Latest from Labour

John McDonnell response to OECD’s economic outlook for UK economy that has revised down future growth

John McDonnell, Labour’s Shadow
Chancellor,
commenting
on the OECD’s economic outlook for the UK economy that has revised down future
growth, said:

“This is a hammer blow for
the Tories’ economic credibility. Only Italy is set to be a worse performer
than Britain amongst the major economies, and the Tories’ cliff-edge Brexit
will trash business investment.

"The OECD’s calls for
increased investment in our economy is a ringing endorsement of Labour’s
economic policy in this election, and shows the clear choice voters have on
Thursday. It is between a Labour plan for serious investment in our economy,
with a focus on living standards and a jobs-first plan for Brexit; or a Tory
plan that would hold our nation back with continued cuts to vital public
services and chronic under-investment.”