Thursday 1 August 2019 / 5:03 PM Peter Dowd

Peter Dowd MP responds to Bank of England inflation report

Shadow Chief Secretary to the Treasury Peter Dowd MP, commenting on the Tories’ mismanagement of the economy as shown by the Bank of England’s August 2019 Inflation Report, said:

“The Bank’s report underlines the economic incompetence of this Tory government.

“It gives a bird’s eye view of the mess the Tories have made of our economy – with slumping business investment, weak productivity, stagnant pay, and stuttering growth.

“The diminished projections of growth for 2019 and 2020, even assuming an orderly Brexit, show the Tories have been utterly incompetent in managing the economy.

“It’s time for a general election, and a Labour Government, to turn the economy around – and ensure it works for us all.”