Economy Update

Alan Brown Excerpts

Wednesday 16th June 2021 Commons Chamber

[Steve Barclay]

I strongly welcome my hon. Friend’s question. She is absolutely right to focus on that. That is why, at the Budget, my right hon. Friend the Chancellor announced key measures such as maintaining the level of personal tax thresholds until 2025-26 and increasing the main rate of corporation tax. It is important that we take measures to protect the public finances and get them back on to a sustainable path in the medium term. She is absolutely right to highlight that important issue.

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

In December, the UK Government provided a quarantine exemption to people flying business class, as if somehow the richest were immune to covid. Despite the bluster, we know that India was not added to the red list quickly enough. In terms of learning lessons, does the right hon. Gentleman agree that financial analysis needs to be undertaken on the cost of protecting borders with full quarantine and supporting the travel and tourism industries, versus the damage in financial impact of the longer imposition of restrictions?

[Steve Barclay]

Where there is a balance between protecting the unlocking of the wider UK economy versus a tougher approach at the border, the bigger prize economically is the UK’s ability to unlock our economy. As the Prime Minister set out in Prime Minister’s questions, we should not judge that with the benefit of hindsight when information on variants of concern which were not known at the time subsequently come to light, not least because of the UK’s capacity to undertake 47% of current global genome testing. Again, that is a further illustration of the UK-wide capacity that allows us to be more effective in our response.