Economic Outlook and Furlough Scheme Changes

Part of the debate – in the House of Commons at 12:39 pm on 16th June 2020.

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Photo of Owen Thompson Owen Thompson SNP Whip 12:39 pm, 16th June 2020

The Chancellor stated that his priority was

“to support people, protect jobs and businesses through this crisis”,

yet businesses are on a financial cliff edge. Given today’s employment and vacancy rates, and the OECD prediction that the UK is likely to suffer one of the worst slumps in the developed world, does the Minister share my concern that ending support schemes too early will simply push many off a precipice?