BofE: “putrid” growth figures need to be a “wake up call” for the Chancellor

EMBARGO: Immediate Release

Responding to the Bank of England downgrading its growth forecast to 0.75% for this year, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“The new growth forecast needs to be a wake up call for the Chancellor. 

“Our economy will never see the back of the years of Conservative economic vandalism if she continues to push ahead with her misguided national insurance hike. Reeves must also change course on her baffling refusal to negotiate a bespoke UK-EU Customs Union to turbocharge growth.

“People are still having to choose between heating and eating and being forced to use public services that are completely broken. Without an economy that is thriving none of this will change.

“Rachel Reeves needs to see sense, scrap her national insurance rise, which is hammering small businesses, and jettison her short-sighted red lines on a Customs Union. Only then will we see an end to these putrid growth figures.”

ENDS