Sobel – Brexit continuing to drag on the economy - People's Vote

Sobel – Brexit continuing to drag on the economy

New figures from the ONS show that GDP growth in the three months to July was 0.0%, following on from a 0.2% contraction in Q2.

Commenting, Alex Sobel MP, leading supporter of the People’s Vote campaign, said:

“Brexit is continuing to drag on the economy, with growth flat-lining in the three months to July. We already saw the economy shrinking in the second quarter of this year, and we now know Brexit has cost more than £500 million a week in lost growth since June 2016.

“With Boris Johnson trying to force through an undemocratic No Deal that would have devastating consequences for businesses, jobs and livelihoods across the country, the economic damage of Brexit is only just beginning.

“No-one voted for a Brexit that destroys jobs and makes people poorer – this is the exact opposite of what Leave campaigners were promising in 2016 when Boris Johnson sold Brexit on the basis that we’d get a “great deal”. The only democratic way to resolve this crisis is to give the public the final say with a People’s Vote.”