Peter Bone
Main Page: Peter Bone (Independent - Wellingborough)Department Debates - View all Peter Bone's debates with the HM Treasury
(3 years, 6 months ago)
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Steve Barclay
The hon. Gentleman is right to talk about the impact on businesses in Northern Ireland and part of that coming through its interconnectivity with the rest of the United Kingdom. As I said in an earlier answer, we will update the Northern Ireland Executive this week on the enhanced Barnett guarantee, but that unprecedented action taken to give an up-front guarantee will enable the Northern Ireland Executive to provide support to businesses. Of course, it will be for them to determine the exact scope of that business support.
Mr Peter Bone (Wellingborough) (Con) [V]
I congratulate the Chief Secretary to the Treasury and the Government team on the support that they have given the British people during this pandemic. I understand that No. 10 has confirmed that the Treasury has done a full economic impact assessment; will the Chief Secretary confirm that and say when it will be published? It will be very helpful if it is published before tomorrow’s vote.
Steve Barclay
As Members would expect, all decisions are informed by economic analysis. In terms of an impact assessment, the Office for Budget Responsibility will update its forecasts on 25 November. It is right that we have an independent forecast, and that will be produced in a matter of weeks.