Economic Update

Part of the debate – in the House of Commons at 1:03 pm on 8th July 2020.

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Photo of Stephen Farry Stephen Farry Alliance, North Down 1:03 pm, 8th July 2020

As a former employment Minister in Northern Ireland, I welcome the Barnett consequentials that allow us to shape our own local response around youth unemployment, apprenticeships and traineeships, but what analysis has the Treasury done of where redundancies have been occurring and where they are likely to occur over the coming months? Surely that information should guide the use of that £9 billion for the furlough bonus to be more targeted around those sectors that are going to face problems for longer, but which have sustainable futures, such as aerospace and the creative industries.