(3 years, 7 months ago)
Commons ChamberI will make a tiny bit more progress.
Taken together, over the last year and this, our plan for jobs is providing over £407 billion of support for British people and businesses—a historic package of economic support unmatched in peacetime—and the evidence shows our plan is working. GDP statistics published only this morning show that the economic impact of the lockdown at the start of the year was less severe than had been expected and that there are clear signs that we are now on our way to recovery. The Bank of England said last week that it now expects the economy to return to its pre-crisis level by the end of this year—earlier than it previously thought.
My right hon. Friend has just given us the excellent news that the economy should have rebounded by the end of this year. He and I have discussed on a number of occasions the importance of international development. In view of that, can he confirm to the House today that he will restore the 0.7% target at the end of the year when the economy has so recovered?
I appreciate all the constructive conversations my right hon. Friend has had with me on this topic, which I know he feels passionately about. As he will know, while our economy will have recovered its pre-crisis levels, the damage to our public finances is much longer-lasting. That is what led the Government to make the difficult but I hope understandable decision to temporarily divert from the 0.7% commitment, with a full intention to return to it when the fiscal situation allows, but in the meantime to remain one of the leading donors to the causes that both he and I are passionate about.
(4 years ago)
Commons ChamberThe Government firmly believe in making sure that the recovery is green. I urge the hon. Lady to have a look at the national infrastructure strategy that we have published today, entitled, “Fairer, faster, greener”, which outlines the funding for all the green measures contained in the Prime Minister’s 10-point plan. I think it represents a comprehensive and ambitious path to deliver our net zero commitments.
I thank my right hon. Friend for his courtesy over the weekend and I assure him of my very strong support for virtually all of his package today. As a result of the pandemic here in the UK, 50,000 people have died and we are rightly moving heaven and earth to prevent more deaths here at home. Is he aware that his proposed breaking of the 0.7% promise and the 30% further reduction in cash will be the cause of 100,000 preventable deaths, mainly among children? This is a choice that I for one am not prepared to make. None of us in this House will be able to look our children in the eye and claim that we did not know what we were voting for.
(4 years, 2 months ago)
Commons ChamberWe have tried to reduce the bureaucracy by making sure that we do not have overlapping schemes at the same time. That would only increase complexity for businesses. We have endeavoured in all ways to provide support on a UK-wide basis, as I have said in conversations with the First Minister and others. We are doing this on a UK-wide basis in the knowledge that devolved nations are making individual decisions that ultimately the UK Government and UK taxpayer will be funding. That situation will work only if people can work in a constructive and aligned spirit, which is what I have said to all, and I very much hope that that can be continued in the coming months.
I greatly welcome my right hon. Friend’s statement. The measures he has announced are significant and generous, delivered in a manner that is fast becoming this Chancellor’s hallmark. May I thank him for hearing the powerful arguments advanced by the west midlands Mayor, Andy Street, especially in respect of the hospitality industry, and for addressing the serious business jeopardy that did lie between tiers 2 and 3?
My right hon. Friend is right that the Mayor, Andy Street, has been vocal, and rightly so, in highlighting the particular impact of the tier 2 restrictions on the hospitality industry. That helped inform our decision to act today, with speed and scale, to provide support to those businesses, which will be warmly welcomed in his area.