Lockdown: Economic Support

Part of the debate – in the House of Commons at 12:39 pm on 3rd November 2020.

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Photo of Liam Byrne Liam Byrne Labour, Birmingham, Hodge Hill 12:39 pm, 3rd November 2020

Unemployment here in the west midlands is soaring to a level that we last saw in the 1980s, but our Mayor has proved so ineffective that we have failed to secure 95% of what we have asked for in our recovery plan. Yesterday the International Monetary Fund’s chief economist called on Governments to bring forward large-scale investment to kickstart demand. In May, the Government set out their capital budget of £358 billion over the next five years. When are the Government going to allocate that capital budget, will the Chief Secretary maximise what is brought forward into the eye of the storm to kickstart demand for next year, and will he, for the first time, guarantee that the west midlands, at long last, will secure its fair share of that money?