Responding to the Office for Budget Responsibility (OBR) Fiscal Sustainability Report finding that “the UK is on track to record the largest decline in annual GDP for 300 years, with output falling by more than 10 per cent in 2020” in all three of its forecast scenarios, Acting Leader of the Liberal Democrats Ed Davey said:
“This confirms that the economic challenge facing Britain is on a frightening scale and unlike anything anyone has seen before.
“With hopes for a quick “V-shaped” recovery disappearing fast, it is clear the Chancellor’s plans just aren’t up to this moment in our country’s history.
“We need a massive Green Recovery Plan, with a green jobs guarantee. We need to end the unfair government exclusion of specific groups of employees and self-employed from support. And we need to stop inflicting unnecessary damage on our economy with this Government’s extreme Brexit.”