Economic growth slowed to just 0.3% in the three months to November – the lowest for six months.
Meanwhile manufacturing growth has fallen five months in a row now – the first time this has happened since the global financial crash a decade ago.
GMB says this is further proof we are on the wrong economic path.
Peter Dowd, shadow chief secretary to the Treasury, says: “It’s clear from these figures that the government’s botched handling of Brexit is continuing to damage our economy.
“The ONS has reported that manufacturing had suffered their longest period of monthly falls in output since the financial crisis.
“Slowing growth and more disappointing manufacturing figures are another sign of the failures of the Tories on Brexit negotiations and economic policy in general.
“Only an election and change of government can turn this disastrous situation around.”
Neil Foster, GMB Research and Policy Officer, said: “The Government’s botched handling of Brexit has already hit shoppers in the pockets and is now damaging investment in UK industries – particularly in manufacturing.
“Today’s figures chime with what we are hearing in many workplaces that investment is falling, opportunities are being missed and that workers are uncertain as a result.
To make things worse companies are now having to spend huge amounts of time and money stockpiling because the Prime Minister has recklessly not ruled out crashing out of the EU without a deal.
“Working people should not be made to pay the price for the political failures of Conservative politicians. “
Mystery posters are trolling politicians with their own words
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
