Murray – Prospect of a bad Brexit deal means “economic growth continues to lag” - People's Vote

Murray – Prospect of a bad Brexit deal means “economic growth continues to lag”

New quarterly GDP figures show UK economic growth was a paltry 0.2% in the three months to May.

Commenting, Ian Murray MP, leading supporter of the People’s Vote campaign said:

“With the Government in chaos and businesses growing increasingly concerned by the prospect of a bad Brexit deal, economic growth continues to lag well behind that of other advanced economies.

“Before the referendum, we were the fastest growing economy in the G7; now we are the slowest. This Brexit squeeze has cost each household an average of £900, according to the Bank of England, and we haven’t even left the EU yet.

“Today’s figures also underline how critical the services sector is to our economy. Yet the Prime Minister’s botched Brexit proposal threatens new barriers to trade in services – putting jobs in key industries, which together account for 80% of our economy, at risk.

“With Brexit already weakening our currency, hurting living standards and leaving less money for public services, we need a People’s Vote on the final Brexit deal.” 

/ends

 

Notes to editors

The full ONS stats can be seen here: https://twitter.com/ONS/status/1016600773260709888