Economic Outlook and Furlough Scheme Changes

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

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 12:39, 16 June 2020

In response to the latter point, we think that a graduated return to employers paying for their own staff and being subject to the usual economic laws of supply and demand is an essential precondition for a proper economic recovery and, therefore, for the sustainability of not just jobs but the economy as a whole. In regard to the wider issues, it would be absurd for me to offer any response from the Dispatch Box to the Treasury Committee report that was filed yesterday, but as I have said to the Chair, we will look very carefully at it and the issues that it raises.