Doughty – GDP figures show “Brexit is causing huge damage to our economy”

GDP growth in Quarter 1 of 2018 fell to 0.1%, according to the ONS, a five-year low.

Whilst the bad weather was a factor, the ONS stated that “While some impacts on GDP from the snow in the first quarter of 2018 have been recorded for construction and retail sales, the effects were generally small, with very little impact observed in other areas of the economy.”

 

Commenting, Stephen Doughty MP, leading supporter of the People’s Vote campaign, said:

“One thing is becoming abundantly clear as economic growth in this country plummets: Brexit is causing huge damage to our economy. Brextremists cannot just hide behind a snowstorm as an excuse.

“Leave campaigners pledged that Brexit would lead to a new era of prosperity for this country. Instead we’ve got a declining economy with growth slowing to abysmal levels. That means less money for the Government to spend on vital public services like the NHS.

“With Brexit causing huge and lasting damage to our economy already, the people of this country are entitled to demand a People’s Vote on the terms of any Brexit deal, because it must be the people who decide whether it’s the best path for the country.”

/ends

 

Notes to editors

The full ONS data can be read here.