Friday 26 January 2018 / 2:34 PM Economy / Peter Dowd

Peter Dowd commenting on Q4 GDP figures

Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, commenting on Q4 GDP figures out today, said:

“Today’s GDP figures further confirm what the head of the OBR warned earlier this week – that continued Tory austerity is undermining our economy.

“This is the weakest Q4 growth in four years. It’s clear to everyone except Philip Hammond that with falling real wages and rising household debt, we need an urgent change of direction.

“The next Labour government will end austerity and provide the investment vitally needed to kick-start the economy to deliver rising living standards for the many, not the few.”