Workers shouldn't 'get the tab' for Tory Brexit

The Bank of England seems to be losing faith in Britain's economic strength and has slashed its outlook for that country yesterday as it opted to depart interest rates on hold.

The bank expects growth this season to become just 1.2% – the slowest since 2009 once the economy was in recession.

Bank of England Governor Mark Carney said: “The fog of Brexit is causing short term volatility in the economic data, and more fundamentally, it's creating a series of tensions throughout the economy, tensions for business.”

GMB, Britain's general union, has commented around the Bank of England's warnings of economic slowdown along with a One in 4 chance of recession in 2021.

Neil Foster, GMB National Research and Policy Officer, said: “These serious warnings in the Bank of England chime with lots of of our experiences in workplaces.

“We are just 50 days away from once the UK is due to leave the EU and the uncertainty of employers is being passed onto many workers who in turn are nervous about spending in the real economy.

“The Prime Minister’s refusal to rule out crashing from the EU with no deal next month is making matters worse and it is causing havoc for a lot of firms in manufacturing, transport and retail industries.

“No-one in 2021 voted for a recession and dealing people should not be made pick up the tab for that Tory Government’s Brexit mess.”