Economic Update

Wendy Chamberlain Excerpts

Wednesday 8th July 2020 Commons Chamber

[Rishi Sunak]

My hon. Friend is right to point out the opportunities that we will now have, after leaving the EU, to tweak our procurement rules to ensure that we will of course always get value for money for the taxpayer, and that we can do so in a way that supports our local economies and—especially right now—local jobs.

[Wendy Chamberlain (North East Fife) (LD)]

Although it has and still does exclude many people, it must be acknowledged that support delivered directly via the Treasury, such as the jobs retention scheme, has been delivered quickly. That support is allocated on the basis not of proportion of population, the cost of support or the level of productivity, but on the need of those who apply and qualify. This is how devolution can operate. Will the Chancellor provide us with detailed figures so that we can assess exactly how much financial support has been delivered from the Treasury to the people and businesses in Scotland and the other devolved nations?

[Rishi Sunak]

Those numbers have been published. As I said, £4.6 billion is the total amount of Barnett funding that has been provided to Scotland throughout the crisis. The block grant adjustment resulting from the stamp duty cut will be finalised after we have final costings from the OBR.