Commenting on the lMF’s latest global forecast, Leader of the Liberal Democrats, Vince Cable, said:

“It is clear that Britain is under-performing relative to much of Europe, the USA and the rest of the world. It is especially unfortunate that the UK is entering an extended period of economic stagnation just as the rest of the world experiences a growth burst.

“The Brexit vote might not have produced a catastrophic collapse yet, but it has dampened investment, and consumer confidence and reduced Britain’s global standing.

“The IMF’s call to avoid any new trade barriers or regulatory realignments vindicates the Liberal Democrat campaign for an exit from Brexit.”