Statement

Boris Johnson’s Brexit already damaging British business

  • The Industrial Trends Survey published today by the CBI, shows that UK manufacturing output fell at the fastest pace since the financial crisis. Boris Johnson talks about the need for a ‘can do’ attitude but by pursuing a ‘no deal’ Brexit he is asking British businesses to run up a down escalator – which makes

  • Chuka Umunna MP

The Industrial Trends Survey published today by the CBI, shows that UK manufacturing output fell at the fastest pace since the financial crisis.

Boris Johnson talks about the need for a ‘can do’ attitude but by pursuing a ‘no deal’ Brexit he is asking British businesses to run up a down escalator – which makes it all the more difficult to do business.

These are not forecasts, these are facts. Uncertainty caused by the Brexit Boris Johnson campaigned for is already negatively impacting on the economy. As a minimum, he should dump his policy of keeping a “no deal” Brexit on the table, in order to reassure firms that he will not take the country off a cliff this October.

The only way to break the impasse in Parliament is to give the British people a final say on any Brexit deal. The Liberal Democrats are the only party who, if in government, will be unequivocally committed to holding a People’s Vote and stopping Brexit.