Toby Perkins
Main Page: Toby Perkins (Labour - Chesterfield)Department Debates - View all Toby Perkins's debates with the HM Treasury
Economic Update
Toby Perkins Excerpts(4 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Rishi Sunak
My hon. Friend is right to highlight the importance of speed in Wales and everywhere else. That is why we have taken steps to make Barnett consequentials available in advance as quickly as we can, so that all devolved authorities can plan and execute their plans expeditiously.
Mr Toby Perkins (Chesterfield) (Lab)
Businesses face collapsing revenues and the biggest part of the Chancellor’s response is to invite them to take on substantially more debt. That will not save people’s jobs. For the Chancellor to compare that £330 billion, which is a guarantee he is making that he may never have to spend, with the package President Macron put together in France is absolutely absurd.
Rishi Sunak
Far from being absurd, President Macron yesterday announced exactly €300 billion in loan guarantee schemes.