House of Commons · Ministers' Questions

Economic Recovery

Tuesday 9 March 2021 · 2 questions

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

Read the full transcript on Parliament.uk

At a glance

Answered 2 Partly answered 0 Not answered 0

Key points

The government has announced over 400 billion in direct fiscal support since March 2020.
These measures include extensions of VAT and business rates holidays alongside restart grants for businesses.
The aim is to protect, support, and create jobs through this economic support.

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Questions & Answers

Q1 David Simmonds Con Ruislip, Northwood and Pinner

Economy

Context

The question addresses the government's fiscal measures to support economic recovery following a period of significant challenges.

Question

What fiscal steps he is taking to support the UK's economic recovery. The government has announced over £400 billion in direct fiscal support since last March, making it one of the most comprehensive responses globally.

Answer from Rishi Sunak

This Government are providing more than £400 billion of direct fiscal support to the economy over this year and next. That will rank as one of the most comprehensive and generous responses of any country anywhere in the world.

Answered

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Q2 David Simmonds Con Ruislip, Northwood and Pinner

Economy Employment Business & Trade

Context

The question focuses on the government's measures to support businesses in Ruislip, Northwood and Pinner, particularly those on high streets. The VAT extension and business rates holiday are highlighted as welcome steps.

Question

Does my right hon. Friend agree that the further support announced for businesses, including extensions of VAT and business rates holidays alongside restart grants, will support short-term economic recovery and ensure breathing space to protect jobs? These measures are particularly beneficial for high street businesses in his constituency.