Doughty – UK economy lagging behind Eurozone growth shows folly of hard Brexit

Figures released today show the UK’s economic growth lagging behind the Eurozone. The Eurozone grew by 0.6% in Q3 2017, compared to 0.4% for the UK. That means Eurozone annual economic growth is at 2.5%, compared to 1.5% for the UK. 

Commenting on today’s news, Stephen Doughty MP, leading supporter of Open Britain, said:

“It will be hard for Brextremists to continue to claim we are ‘shackled to a corpse’ when growth in the Eurozone outstrips that in Britain, as the Government’s hard Brexit plans continue to damage the UK economy. 

“The UK has gone from top of the charts for growth in the G7 to near the bottom of the league. And today the Bank of England says 75,000 jobs in financial services could disappear in the case of an extreme no deal Brexit.

“People have the right to ask themselves whether a slowdown in economic growth, putting jobs and public services at risk, is what they voted for in the referendum. If not, they have the right to change their minds as new facts emerge.”


Notes to editors:

The full report from The Guardian on Eurozone economic growth can be found here.