Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I know my colleague the Financial Secretary has been abreast of this issue for a while, and he has just reminded me that we have invested £37 million in debt advisory services during this time. I also know that he is taking forward actions on our breathing space initiative, which is something that he passionately believes in, and I wholeheartedly support those efforts.

Richard Fuller Portrait Richard Fuller (North East Bedfordshire) (Con)
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The Chancellor has answered many specific questions, but I would like to commend the overall tone of his statement, which he began by saying that he would be “unencumbered by dogma”, but with

“a simple desire to do what is right.”

His responses have oftentimes mentioned the social justice imperative behind his plan for jobs, which I think will strike many in the country as absolutely right.

May I echo the comments of my right hon. Friend the Member for Bromsgrove (Sajid Javid), about the need, when we come to the fall, to look at ways in which overall debt as a burden on the GDP of the country can be brought under control?