UK economy will need a Green Recovery Plan to recover

Responding to a revised estimate of quarterly GDP from the ONS showing that the economy contracted by 2.2% in the first quarter of 2020, making it the joint largest quarterly drop in GDP since 1979, Acting Leader of the Liberal Democrats Ed Davey said:


“Coronavirus is causing an economic challenge not seen in generations. We must make sure that we leave no one behind as we rebuild.

“This data seems to back reports that the UK economy has suffered disproportionately compared to our international counterparts and highlights the need for an independent review into the Government’s response.

“To bounce back, the UK urgently needs investment in environmentally-friendly infrastructure through a Green Recovery Plan that will create prosperity and jobs while tackling the climate crisis.

“It is equally imperative that Boris Johnson averts the economic fall-out of a no-deal Brexit and trade under WTO rules. The Prime Minister must put ideology to one side and guarantee the closest possible access to the EU."

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