John McDonnell responds to news that inflation has increased to 2.1%

John McDonnell MP, Shadow Chancellor,
responding to news that inflation has increased to 2.1% and that
borrowing in the latest full financial year has exceeded the March
forecast by the Office for Budget Responsibility, said:

“With rising prices and surging government borrowing today, it’s
clear the Tories have left the economy unprepared for the shock of a No
Deal Brexit.

“They have broken their promise to eliminate the deficit by 2015, and
have overseen stagnating wages driven by slumping business investment
and productivity.

“Only a Labour Government will deliver the radical transformation
that is desperately needed to boost livelihoods and protect future
generations.”