Council of Europe: Coronavirus

Treasury written question – answered on 30th June 2021.

Alert me about debates like this

Photo of John Howell John Howell Conservative, Henley

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policy on introducing measures to help the recovery from the covid-19 outbreak of the Council of Europe debate on 22 June 2021.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary, Minister for Equalities

The Government takes note of the debate on overcoming the socio-economic crisis sparked by the Covid-19 pandemic and notes that the resolution and recommendations will go to the Committee of Ministers in due course.

The Government has acted to support the economy on a scale unmatched in recent history, protecting jobs and livelihoods and boosting public services.

Because of our economic plan, our recovery will be faster, with the Office for Budget Responsibility now expecting the economy to reach its pre-Covid size two quarters earlier and unemployment to peak at a rate 1 percentage point lower than in its November forecast.

The policy support announced by the Government has led to a significant but necessary increase in borrowing and debt. But it is clear that the costs of inaction would have been far higher.

Strong public finances are a fundamental part of a strong economy and a strong Union. The certainty that comes from ensuring the public finances are on a sustainable path will support economic stability across the UK. Measures announced at Budget 2021 bring debt under control over the medium term, through a fair and progressive package.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.