Economic Growth: Coronavirus

(asked on 12th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with Cabinet colleagues on promoting economic growth to support the recovery from covid-19 outbreak.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 19th January 2021

The Prime Minister and Chancellor chaired the first meeting of the new Build Back Better Business Council on 18 January. Here, the Chancellor laid out the three key pillars of the government’s plan to drive growth beyond the pandemic: investing in infrastructure, skills and innovation.

This is in addition to the unprecedented fiscal action set out by the Chancellor at January’s Economic Update, taken to support jobs and businesses through the crisis, in order to minimise short term and long-term damage to the economy.

The Government has provided over £280bn of fiscal stimulus through the UK’s comprehensive economic support plan. By doing this, we continue to provide comparable or greater support than all our international peers across almost all areas of economic policy.

This support provides a bridge for people and businesses until the economy reopens, giving them a chance to rebuild and grow again in the future.

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