Economic Update Debate

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Department: HM Treasury
Tuesday 17th March 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes a good point and I will certainly take that up with the Transport Secretary.

Mike Amesbury Portrait Mike Amesbury (Weaver Vale) (Lab)
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If Denmark can step in and offer 70% subsidies as a transitional arrangement, why can’t the Chancellor? Step up. Step up!

Rishi Sunak Portrait Rishi Sunak
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I have already mentioned looking at the Denmark scheme and indeed the German scheme. The point is what we are able to deliver at pace. Other countries have had schemes in place beforehand, which makes it easier for them to do things, and we need to work with what we have got. But the principle of providing support is one that I fully acknowledge, which is why we are working on that at pace. Again, when considering individual measures, it is worth looking at fiscal interventions between this week and last week in the round, which, in the context of any global response, are extremely significant.