Alexander – IMF growth downgrade shows dangers of hard, destructive Brexit

Commenting on the new IMF growth forecasts, which have downgraded UK growth to 1.7% in 2017, Heidi Alexander MP, leading supporter of Open Britain, said:

“These figures underline how the uncertainty and loss of confidence caused by the Brexit vote is hampering our economy. If the Government persists with its plan for a hard and destructive Brexit, our growth figures are likely to get even worse.

“Leaving the largest trading bloc in the world for an inferior deal will not be offset by the illusory promise of quick new trade deals with other countries around the world. The result will be less trade that leaves us all poorer. 

“To support our economy and protect jobs, the best deal for Britain will be for us to stay in the Single Market and Customs Union, thus continuing to enjoy totally free trade with the world’s biggest market on our doorstep.”

/ends 

Notes to editors:

The new IMF forecasts are reported here: https://www.theguardian.com/business/2017/jul/24/imf-cuts-2017-growth-forecasts-uk-us-economy-trump-tax-cuts