Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of reducing (a) VAT, (B) national insurance contributions, (c) income tax, (d) corporation tax, (e) Stamp Duty Land Tax and (f) other taxes to contribute to the UK's economic recovery after the covid-19 outbreak; and if he will make a statement.

The Treasury has taken unprecedented steps to keep as many people in their existing jobs, support viable businesses to stay afloat and protect the incomes of the most vulnerable. These measures have been on a scale unmatched by any government in recent history.

As the Chancellor has said, a new national collective effort has begun: to reopen the country and kickstart the economy. As part of this, the Treasury is keeping all taxes under review. The Chancellor will update Parliament at the appropriate time.