Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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All statistics show that the hospitality industry is recovering very well: cash balances are healthy, and business insolvencies are down. That is in part thanks to the support that we have put behind that industry. The uncapped business rate discount will provide support to hundreds of thousands of businesses. It is right that we target support at those who need our help most, whether they are businesses or families and individuals.

Patrick Grady Portrait Patrick Grady (Glasgow North) (SNP)
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Is the humanitarian funding that the Chancellor announced for Ukraine in addition to aid flows already planned within the 0.5% budget, or will it squeeze planned expenditure elsewhere in the Foreign, Commonwealth and Development Office?

Rishi Sunak Portrait Rishi Sunak
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All official development assistance announcements are handled by the Foreign Secretary. Within the overall budget, there is always contingency, and space annually for responses to humanitarian disasters that cannot be foreseen. It is not a question of squeezing other things out at all; this is part of planned spend.