Topical Questions

Part of Treasury – in the House of Commons on 7th July 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

I am sure my hon. Friend understands that the desire for bespoke deals across every sector is extremely great. Our view has been that what is required is to lift all boats by a general support for the economy, and that is the approach we have taken, which is why the interventions we have made so far include almost £300 billion of guarantees—worth roughly 15% of UK gross domestic product.