Covid-19: Economy Update Debate

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Department: HM Treasury

Covid-19: Economy Update

Stephanie Peacock Excerpts
Thursday 22nd October 2020

(3 years, 6 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Our support for the self-employed remains among the most comprehensive and generous anywhere in the world, and is now approximating almost £13 billion for almost 3 million people. Barnett consequentials of more than £13 billion or £14 billion have been provided to the devolved nations and, if the Scottish Government choose to do something different with that, that is of course up to them.

Stephanie Peacock Portrait Stephanie Peacock (Barnsley East) (Lab)
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In the past six months, the number of people forced to claim unemployment benefit in Barnsley has doubled. If the Chancellor is saying that livelihoods have to be balanced against lives, should the people of Barnsley expect unemployment to rise, the death rate to rise, or both?

Rishi Sunak Portrait Rishi Sunak
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It is exactly because we need to adopt a balanced approach that we have taken the more regional and tiered approach that we have. We never pretended there are easy choices here—it would be wrong to say otherwise. We are balancing protecting the economy and protecting people’s jobs and livelihoods while suppressing the virus, in the least damaging way possible. There is no perfect answer. As I said, there are no easy choices. But we will always be honest about that and try to tread that careful path between those two things. What would be more damaging for people’s jobs and livelihoods is a blunt national lockdown, which would inflict unnecessary hardship and suffering on people where the virus is not particularly rampant.