Friday 10 May 2019 / 9:26 AM Economy / John McDonnell

It’s not surprising to see households and businesses protecting themselves against a potentially disastrous Tory No Deal Brexit – McDonnell responds to GDP figures

John McDonnell MP, Labour’s Shadow Chancellor, commenting on GDP growth of 0.5% driven by pre-Brexit stockbuilding, said:

“It’s not surprising to see households and businesses protecting themselves against a potentially disastrous Tory No Deal Brexit.

“With this government increasingly resembling a business entering administration it’s time they admitted the failure of their approach and stood aside for a General Election.

“With wages, investment and productivity all stagnant it’s clear only Labour’s plan for a £10 per hour Real Living Wage, National Transformation Fund and regional industrial strategy will deliver the sustainable growth we all need.”