Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the Government’s economic policies during the covid-19 pandemic on the economy.

The Covid-19 pandemic has had a profound effect on the UK economy. Between 2019 Q4 and 2020 Q2, according to the Office for National Statistics the economy contracted by 23% - the steepest recession on record.

The success of the UK’s vaccination campaign led to a strong recovery in GDP, with annual growth of 7.5% in 2021 and 4.1% in 2022. In both these years, GDP growth in the UK was the fastest in the G7.

The Government acted quickly to prevent catastrophic increases in unemployment during the pandemic. The Government provided up to £400 billion of direct support for the economy which helped to safeguard jobs, businesses and public services in every region and nation of the UK.

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