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Responding to the UK's GDP growth figures, Liberal Democrat Shadow Chancellor and Deputy Leader, Ed Davey said:
"Today’s growth figures are anything but a cause for celebration. Over the last year, Britain's growth has slowed to its lowest rate in almost a decade - a disastrous performance by the Conservatives, whose main economic policy of Brexit is a promise of yet more slow growth.
"The economy under the Tories is anaemic.
"Brexit has already cost us at least £55 billion in lost growth and will keep us under-performing for years. Just last week the credit rating agency Moody’s downgraded the UK’s economic outlook. And the Bank of England said growth will be a whole 1% lower in the coming years.
"On the other hand, the extra growth from remaining in the EU would generate a Remain Bonus of over £50 billion. The Liberal Democrats will use that money for a huge cash boost to our schools and to tackle inequality, building a brighter future for the UK."
"Today’s growth figures are anything but a cause for celebration. Over the last year, Britain's growth has slowed to its lowest rate in almost a decade - a disastrous performance by the Conservatives, whose main economic policy of Brexit is a promise of yet more slow growth.
"The economy under the Tories is anaemic.
"Brexit has already cost us at least £55 billion in lost growth and will keep us under-performing for years. Just last week the credit rating agency Moody’s downgraded the UK’s economic outlook. And the Bank of England said growth will be a whole 1% lower in the coming years.
"On the other hand, the extra growth from remaining in the EU would generate a Remain Bonus of over £50 billion. The Liberal Democrats will use that money for a huge cash boost to our schools and to tackle inequality, building a brighter future for the UK."
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