GDP figures show need for more radical action from Government

Responding to the news that the economy is facing the worst recession in UK history, Acting Leader of the Liberal Democrats Ed Davey said:

"Ministers must take immediate action to save jobs and livelihoods as the true economic impact of Covid-19 comes to light.

The Treasury must explain how it is going to stop mass redundancies when the furlough scheme wraps up. It simply cannot be the case that jobs saved in Spring disappear in the autumn. The Chancellor must also be bold about creating new jobs by undertaking a proper ambitious green recovery.

The Prime Minister must immediately work with EU allies to remove the January Brexit cliff edge. A bad deal or no deal at all with our closest trading partners whilst we are in a deep recession will add insult to injury in our economy and cost many more livelihoods."