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Economic Update

Part of the debate – in the House of Commons at 7:17 pm on 17th March 2020.

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Photo of Toby Perkins Toby Perkins Labour, Chesterfield 7:17 pm, 17th March 2020

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.