Tuesday, July 10, 2018

Chequers Agreement leaves economy exposed

Figures released by the ONS this morning show that GDP growth for the three months to May was just 0.2%, with services the only positive contributor to growth, and both construction and manufacturing contracting.
Commenting on the figures, Liberal Democrat Brexit Spokesperson Tom Brake said:

“These unimpressive growth figures, with manufacturing and construction declining and services the only sector keeping the economy afloat, highlight the utter inadequacy of the so-called plan ‘agreed’ by the Cabinet last Friday.

The Chequers Agreement, by conceding lower access for services to crucial EU markets, leaves 80% of our economy exposed after Brexit.
“The only way to protect jobs and businesses is to remain in the EU. That is why the public must be given a final say on the Brexit deal, with the option to remain”.

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