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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 Alex Sobel Alex Sobel Labour/Co-operative, Leeds North West 7:17 pm, 17th March 2020

The reality is that for businesses and workers this crisis is going to last for many months. Has the Chancellor considered a much more interventionist microeconomic policy? For instance, has he thought about repurposing the businesses shutting now—hotels, restaurants, music venues, theatres—as infection rates rapidly rise?