Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Rachael Maskell Excerpts
Tuesday 3rd November 2020

(3 years, 8 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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As Members would expect, all decisions are informed by economic analysis. In terms of an impact assessment, the Office for Budget Responsibility will update its forecasts on 25 November. It is right that we have an independent forecast, and that will be produced in a matter of weeks.

Rachael Maskell Portrait Rachael Maskell (York Central) (Lab/Co-op)
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Yesterday, the Prime Minister said that he will be doing much more to support the voluntary sector. Bearing in mind that 10% of charities are likely to fold, with a deficit of £10 billion accumulated over six months, what more will the Treasury be putting on the table and when will that be apparent?

Steve Barclay Portrait Steve Barclay
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As the Prime Minister has already set out, we put in place a £750 million package of support for the charity sector, as part of the more than £200 billion of support that we have given. As he has also said, and clearly demonstrated over recent months, he will continue to listen and adapt as circumstances require.