Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(3 years, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The good news is that we already have. The Prime Minister announced it, and I talked about it at the Budget: the affordable homes programme will increase from £9 billion to £12 billion over the next few years, a significant uplift in the amount of new housing delivery—180,000 new homes, from memory. With regard to the benefits of stamp duty, the evidence we have both from economists and HMRC is that the majority of the benefit of a stamp duty cut last time around, in ’08-’09, accrued to the buyers.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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As the chairman of the all-party group on hospitality and tourism, I warmly thank the Chancellor for his announcements today: thank you for listening to the sector and for what you have delivered, which will undoubtedly save tens of thousands of jobs and thousands of businesses. The Chancellor has done his bit, and businesses across the country have done theirs in getting ready to make our bars, pubs, restaurants and hotels safe to welcome customers. Does he share my view that what we now need is the British people to do their bit—to get out and spend money in our bars and restaurants—and will he join me in inviting everyone to come to Cornwall this summer?

Lindsay Hoyle Portrait Mr Speaker
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Let’s hope there’s sun in August.