Monday, 24 September 2018 05:49

McDONNELL FAILS TO ADDRESS LABOUR’S MULTI-BILLION BREXIT BUDGET BLACK HOLE

HUGE COST OF LEAVING SINGLE MARKET ‘MAKES MOCKERY’ OF LABOUR SPENDING PLANS

The SNP has slammed Shadow Chancellor John McDonnell for failing to address the multi-billion pound Brexit black hole in Labour’s spending plans in his speech to the party’s conference today.

SNP Westminster Leader Ian Blackford said Labour’s support for a ‘jobs-destroying’ hard Brexit would “deal a body blow” to the Scottish and UK economy, and leave any UK government struggling to meet commitments on jobs, wages, and public spending.

Commenting, Ian Blackford said:

“John McDonnell has completely failed to address the multi-billion pound Brexit black hole in Labour’s spending plans – making a mockery of their claims on jobs, wages, and public spending.

“Labour’s hard Brexit plans, to drag Scotland and the UK out of the single market and customs union, would deal a body blow to the economy – destroying thousands of jobs, squeezing incomes and living standards, harming businesses, and leaving the whole country poorer and worse off.

“The UK government’s own analysis shows a hard Brexit of the kind Labour support would cost the Scottish economy between 2% and 9% of GDP, putting up to 80,000 jobs on the line, and costing Scotland up to £12.7billion a year – the equivalent of £2,300 lost for every person in the country.

“Labour must ditch their plans for a jobs-destroying hard Brexit, and join the SNP in protecting our vital membership of the single market, which is around eight times larger than the UK market alone. Short of staying in the EU, as Scotland voted for, that is the best and only way to protect jobs and prosperity.

“Until Labour get real on the lasting harm their damaging Brexit plans would inflict on the economy, jobs, wages, and public spending - their empty pledges simply aren’t credible.”


‘Hard Brexit would cost Scots £12.7billion’ - https://www.bbc.co.uk/news/uk-scotland-scotland-politics-42682253

‘Brexit could hit Scottish growth by 9%’ - https://www.bbc.co.uk/news/uk-scotland-scotland-politics-42977080

‘Fraser of Allander report: Brexit could cost 80,000 jobs’ - https://www.bbc.co.uk/news/uk-scotland-scotland-politics-37564729

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