Brexit to blame for 'anaemic' economic growth


Responding to the UK's GDP growth figures, Liberal Democrat Shadow Chancellor and Deputy Leader, Ed Davey said:

"Today’s growth figures are anything but a cause for celebration. Over the last year, Britain's growth has slowed to its lowest rate in almost a decade - a disastrous performance by the Conservatives, whose main economic policy of Brexit is a promise of yet more slow growth.

"The economy under the Tories is anaemic.

"Brexit has already cost us at least £55 billion in lost growth and will keep us underperforming for years. Just last week the credit rating agency Moody’s downgraded the UK’s economic outlook. And the Bank of England said growth will be a whole 1% lower in the coming years.

"On the other hand, the extra growth from remaining in the EU would generate a Remain Bonus of over £50 billion. The Liberal Democrats will use that money for a huge cash boost to our schools and to tackle inequality, building a brighter future for the UK."


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