← Back to House of Commons Debates

Economic Update

08 July 2020

Lead MP

Rishi Sunak

Debate Type

General Debate

Tags

EconomyTaxationHousingEmploymentCulture, Media & SportEnergyLocal Government
Other Contributors: 122

At a Glance

Rishi Sunak raised concerns about economic update in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

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

Lead Contributor

Opened the debate
The Prime Minister's plan for jobs aims to protect, support and create employment opportunities across the UK. It includes a £160 billion economic response with job retention schemes, self-employment grants, tax cuts, loans, and direct cash assistance for businesses. The second phase focuses on job creation through infrastructure investment, green initiatives like the £2 billion Green Homes Grant scheme, reducing VAT on hospitality services to 5%, cutting stamp duty up to £500,000, and a unique 'Eat Out To Help Out' discount during August.

Government Response

EconomyTaxationHousingEmploymentCulture, Media & SportEnergyLocal Government
Government Response
Acknowledged the points raised by MPs, including comprehensive support for self-employment schemes, importance of green jobs, need to balance fiscal sustainability with recovery measures, and plans for further education colleges. Emphasises policies supporting job creation, business incentives, and economic recovery. Responds to concerns about viable businesses, local government funding, university support, tourism, events industry, apprenticeships, procurement reforms, aviation sector, and green measures. Responded to various speakers, defending government's actions on grants for hospitality sector, expressing commitment to review aerospace taxation, inviting work coaches' insights into kick-start scheme, and promising additional investment in hydrogen technology. Responded to each MP's concerns, outlining measures taken by his team to support businesses and individuals affected by economic downturn. Acknowledged freeport issue for Immingham and Grimsby, supported social housing programme increase, and clarified furlough scheme rules.
Assessment & feedback
Summary accuracy

About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.