John
McDonnell MP, Shadow Chancellor, responding to the publication today of the
OECD’s Economic Survey of the UK, said:
“The
OECD has been damning of the Tories’ bungling of the Brexit negotiations, and
they are fearful of what a Tory Brexit could mean for the UK economy.
“They
also paint a damning picture of the Conservatives’ economic failure across a
range of measures, with forecast growth now expected to be amongst the lowest
in the developed world, weak productivity and huge regional inequalities all
highlighted as major problems that this government is failing to tackle.
“Like
Labour, the OECD recommends a programme of major regional infrastructure
investment to unlock the potential of our economy, backed up by increased
research spending and improved training. There is now a political consensus on
the action needed to turn our economy round after seven years of Tory failure.
“If
this weak Tory government continues to refuse to act then the next Labour
government will implement the plan needed to build an economy that works for
the many, not the few.”
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