Commenting on the Organisation for Economic Cooperation and Development’s report into the implications for economic growth as a consequence of Brexit, Leader of the Liberal Democrats Vince Cable said:
“The economy has been bumping along the bottom in the wake of Brexit uncertainty. This analysis by the OECD, while focused on a slowing global economy, picks out the UK as one of the worst performers among developed countries due to our weakening economic growth and falling business investment.
“Not only have our growth forecasts for 2019 and 2020 been severely downgraded, but the OECD expects our economy to suffer even if the Conservative Government gets its Brexit deal through, undermining claims of a so-called “deal dividend”. A catastrophic no-deal would push our economy into recession, inflicting great damage on jobs and living standards.”