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BRITAIN’S growth forecast was sharply downgraded yesterday by the International Monetary Fund (IMF) following the Brexit vote.
The IMF cut its growth forecast for this year by 0.2 percentage points to 1.7 per cent and dramatically slashed the 2017 forecast by 0.9 percentage points to 1.3 per cent as the effect of the referendum vote to leave the European Union is felt.
Shadow chancellor John McDonnell said: “The most urgent priority for the government ought to be a programme of investment to help guard against economic turbulence and ensure working people across the country do not end up paying the price for Tory ineptitude.
Starmer sabotaged Labour with his second referendum campaign, mobilising a liberal backlash that sincerely felt progressive ideals were at stake — but the EU was then and is now an entity Britain should have nothing to do with, explains NICK WRIGHT
Under current policy, welfare cuts are just a small downpayment on future austerity, argues MICHAEL BURKE
