Better Jobs and a Fair Deal at Work

Part of Debate on the Address – in the House of Commons at 1:57 pm on 12 May 2021.

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Photo of Rishi Sunak Rishi Sunak The Chancellor of the Exchequer 1:57, 12 May 2021

I will make a tiny bit more progress.

Taken together, over the last year and this, our plan for jobs is providing over £407 billion of support for British people and businesses—a historic package of economic support unmatched in peacetime—and the evidence shows our plan is working. GDP statistics published only this morning show that the economic impact of the lockdown at the start of the year was less severe than had been expected and that there are clear signs that we are now on our way to recovery. The Bank of England said last week that it now expects the economy to return to its pre-crisis level by the end of this year—earlier than it previously thought.