Economic Situation: Coronavirus

(asked on 29th April 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what steps they intend to take to revive the economy following the lifting of restrictions put in place to address COVID-19.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 14th May 2020

The Treasury’s priority is to support the economy through the immediate crisis. We have taken unprecedented steps to keep as many people as possible in their existing jobs, support viable businesses to stay afloat and protect the incomes of the most vulnerable. These measures aim to protect the productive capacity of our economy and to enable a strong and sustainable recovery from this crisis.

On 10 May, the Prime Minister set out the government’s conditional plan for reopening certain economic activities, whilst continuing to suppress the outbreak. Our economic strategy will therefore be closely coordinated with the public health strategy to ensure a safe return of economic activity.

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