New figures published today by the OECD suggest a disastrous No Deal could tip the UK economy into recession. It finds No Deal will cut 3 percent off UK economic growth, compared to just 0.6 percent from the rest of the EU.
Commenting, Paul Sweeney MP, leading supporter of People’s Vote, said:
“The economic reality of Brexit is a far cry from the ‘sunlit uplands’ that Boris Johnson promised in 2016. In fact, the Brexit he is driving us towards risks tipping the UK into recession. That would mean fewer jobs, less investment and less money for public services like the NHS.
“It is often claimed by those who want to force an undemocratic No Deal on the country that doing so will force the EU to abandon their position on the Irish border and the divorce bill and to instead offer the UK a gold-plated free trade agreement. But as this report shows, the impact will be far more severe for the UK than for the EU, leaving us in the worst negotiating position imaginable.
“With the damage done by Brexit growing by the day, the only way to solve this crisis in a lasting way is to give the public the final say. That’s why huge numbers will be marching through London on October 19th demanding their right to be heard through a People’s Vote.”