John McDonnell MP, Labour’s Shadow Chancellor, commenting on NIESR’s monthly GDP estimate

"The evidence is beginning to mount about the lack of preparation for the referendum on behalf of the Tories. Not only did they fail to plan for a Leave vote, but their economic policies have left our economy weaker and more vulnerable as a result of their failure to invest for the future.

"Report after report is showing the impact the Leave vote is having.  The UK economy needs immediate investment from the Government, rather than sticking to the failed policies of George Osborne which have helped create the problem. “

“Without urgent intervention the jobs and prosperity of millions of people could be at risk. Britain is on hold waiting for Philip Hammond to tell us what approach he is planning to take, and we can’t wait until the Autumn. It’s time the Chancellor got off the sun lounger and started to show the country he has a grip."


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