Oral Answers to Questions

Debate between Mark Pritchard and Scott Mann

Tuesday 24th March 2020 Commons Chamber

[Mark Pritchard (The Wrekin) (Con)]

5. What fiscal steps he is taking to help businesses affected by the Covid-19 outbreak.

[Scott Mann (North Cornwall) (Con)]

8. What fiscal steps he is taking to support small business owners.

[The Chancellor of the Exchequer (Rishi Sunak)]

The Government remain committed to doing what they can to support businesses, our people and public services. In the last week, I have announced unprecedented measures to support business, including over £300 billion of Government-backed loans, £20 billion of tax cuts and grants, a VAT deferral worth 1.5% of GDP and a landmark job retention scheme guaranteeing 80% of the wages of furloughed workers. We believe that these measures represent the most comprehensive and generous suite of interventions of any major developed country in the world.