Tory Economic Failure Has Put Economy at Risk

TORY ECONOMIC FAILURE HAS PUT ECONOMY AT RISK

NEW OBR REPORT REVEALS FRAGILE ECONOMY FURTHER THREATENED BY BREXIT

Commenting on the publication of the new Office for Budget Responsibility (OBR) Fiscal Risks report, Patricia Gibson MP said:

“This damning OBR report shows that Tory economic failure has put the UK economy at risk – and a hard Tory Brexit threatens to destabilise our public finances even further.

“Seven years of damaging austerity has held back economic growth and hammering family incomes and our public services for no gain. Public finances still not at pre-crash levels and the UK facing a one in four chance of recession.

“Millions of families across the country are seeing their budgets squeezed by austerity from a UK Tory Government that has presided over the worst decade for wage growth in 200 years.

“This report must be a wake up call to the Tories, who must urgently change their failed approach by rebalancing the economy, injecting investment to stimulate growth, and protecting our vital membership of the world's largest Single Market."