Manufacturing PMI figures show Vote Leave’s promises on the economy are being broken

Responding to the news that that Purchasing Managers Index (PMI) of manufacturers has fallen into negative territory in July, down from 52.4 to 48.1, Chuka Umunna MP, Chair of Vote Leave Watch, said:

“The Vote Leave campaigners who dominate the new government, like Boris Johnson and Priti Patel, told the British people that a vote to leave the EU would boost the economy and create new jobs. The news today suggests they couldn’t have been more wrong.

“They said every warning about the economic consequences of a Brexit vote was ‘scaremongering’ or ‘Project Fear’. It’s becoming clear that these warnings were realistic and based on fact. This Vote Leave government must be held to account for their broken promises.”