Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

David Evennett Excerpts
Tuesday 3rd November 2020

(3 years, 6 months ago)

Commons Chamber
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David Evennett Portrait Sir David Evennett (Bexleyheath and Crayford) (Con) [V]
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I welcome my right hon. Friend’s positive response on the additional measures of economic support. Does he agree that our Government have committed one of the most comprehensive and generous economic support packages anywhere in the world, worth more than £200 billion? That is the right approach in these difficult times. He rightly quotes the IMF in saying that our response is

“one of the best examples of coordinated action globally”.

Is it not also important that the IMF praised our response for holding down unemployment?

Steve Barclay Portrait Steve Barclay
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I am very grateful to my right hon. Friend for that. He is quite right to pick up on the IMF report and the comments of the director of the IMF. It is worth reminding the House exactly what the IMF director said: that the UK’s economic support package is

“one of the best examples of coordinated action globally”.

I very much agree with my right hon. Friend that that speaks to the comprehensive package that the Chancellor has put in place.