Speaking on BBC 1’s Marr programme this morning the Chancellor of the Exchequer refused to say whether the Government’s proposed Chequers car crash deal with the EU would leave people worse or better off.
Commenting, Jo Stevens MP, leading supporter of a People’s Vote, said:
“With little more than 24 hours to the Budget the Chancellor was unable or unwilling to answer the most basic question about his Government’s economic policy: will its proposed Chequers car crash deal leave people worse off?
“Chequers car crash or no deal catastrophe it is very clear that the Brexit being dumped on Britain will be miserable for our nation’s finances. Philip Hammond knows this and knows he has less chance of ending austerity because of the damage Brexit is already doing to business confidence and investment. His independent forecasters at the OBR downgraded their forecasts for investment, productivity growth and immigration, and raised their projections for inflation, all because of Brexit. The Institute of Fiscal Studies has said this implies a hit to the public finances is about £15 billion per year by the early 2020s.
“Nobody voted for any of this. That is why we need a People’s Vote.”