Leslie – Budget for endless Brexit stagnation points to lost trade and lost markets - People's Vote

Leslie – Budget for endless Brexit stagnation points to lost trade and lost markets

Commenting on the Budget, Chris Leslie MP, former Shadow Chancellor and leading supporter of a People’s Vote, said:

“This is the Budget for endless Brexit stagnation – even if the Prime Minister gets the deal she wants. The Chancellor has confirmed Brexit is going to be bad for families, bad for business, bad for schools, bad for law enforcement and bad for public transport. There is no Brexit dividend, only years of extended pain.

“The Budget actually predicts Britain’s trade will decrease as a share of the economy in the next five years. This is not global Britain but a Britain shrinking in power and influence in the world: we are going to lose markets and market share.

“Economic growth will not rise above 1.6% a year, a pathetic figure in anyone’s book. And public spending will grow by even less than that: meaning teachers, doctors, nurses, police, soldiers and many others will be feeling the pain of Brexit for years to come.

“Nobody voted for any of this and that is why the demand for a People’s Vote on any Brexit deal is growing with every passing day. All MPs have seen from their postbags just how strong that demand now is, and this Budget, with its promise of years of slow growth thanks to Brexit, will only add further energy to the campaign.”

/ends

Notes to editors  

Table 1.1 in the Budget book shows shrinking trade: