Economic Update Debate

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Department: HM Treasury

Economic Update

Angela Eagle Excerpts
Monday 11th January 2021

(3 years, 11 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My right hon. Friend the Financial Secretary to the Treasury has met several groups and heard representations on different proposals. I am not aware of another country that has found a way to support people’s dividend income, but if my hon. Friend knows of one, I would be delighted to look into it if he sends it in.

Angela Eagle Portrait Dame Angela Eagle (Wallasey) (Lab) [V]
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Does the Chancellor believe that the £22 billion cost of Serco test and trace has been spent in a way that represents the best value for money?

Rishi Sunak Portrait Rishi Sunak
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The testing capacity that we have in this country has considerably increased from where it was. The House will remember that at the start of this crisis it was 10,000, and now we are doing several hundred thousand a day, so that is a substantial increase, and testing can play a part in reducing the spread of transmission. Obviously, given the new strain of the virus, we have had to put in place new restrictions, which is disappointing, but I still believe that test and trace can play a role in suppressing the spread of the virus, especially as we come out of this crisis. The hon. Lady is right to hold me and others accountable for every pound of taxpayers’ money that we spend and I am sure will continue to do so.