Commons Sense

House of Commons · Adjournment Debate

London’s Economic Recovery: Covid-19

23 October 2020 · 1 other contributor

Opened by Felicity Buchan Con Kensington

Economy

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Felicity Buchan raised concerns about london’s economic recovery: covid-19 in the House of Commons. A government minister responded. Other MPs also contributed.

Key points

  • London contributes 25% of all taxes to the UK Exchequer and 436.5 billion in gross value added.
  • Central London is experiencing a 59% decline in commuters and international visitors, with only 41% of workers back at their jobs.
  • Felicity Buchan called for the Government to review measures like tier 2 restrictions and the 10 pm curfew to boost economic recovery.

How the debate unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said.

Opened the debate

Felicity Buchan Con Kensington

Thanking Mr Deputy Speaker for allowing the debate, Felicity Buchan highlighted the critical importance of reviving the London economy due to its significant contribution to the UK's tax revenue and overall economic health. She pointed out that London contributes 25% of all taxes to the Exchequer and £436.5 billion in gross value added. The central London economy, however, is suffering from a decline in commuters and international visitors, with only 41% back at work according to Greater London Authority data. She criticised the Mayor of London for undermining confidence by extending the congestion charge and advocated for increased support for businesses affected by this decision. Buchan expressed concern about the loss of tax-free shopping which could deter international tourists from visiting central London. She called on the Government to review measures such as tier 2 restrictions and the 10 pm curfew, emphasising that regaining confidence among commuters and visitors is crucial for economic recovery.

Other contributors (1)
  • Paul Scully Con Hammersmith

    Congratulating Felicity Buchan on securing the debate, Paul Scully emphasised the need to remember that London consists of diverse areas and advocated for a three-part recovery plan addressing short-term, medium-term and long-term needs. He stressed the importance of boosting confidence among residents and visitors while highlighting the economic impact of central London's industries such as culture and hospitality.

Government Response

Nigel Evans

Mr Nigel Evans, in his capacity as Chair of Ways and Means, extended wishes for a restful recess to all Members and staff. He did not provide specific details or funding commitments regarding the London economy but reiterated the Government's commitment to saving lives while restoring livelihoods through economic support measures valued at over £200 billion. The Minister stressed the need for adherence to public health guidelines such as social distancing, mask-wearing and hand hygiene in order to facilitate a safe return to normal activities.

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